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Current work of the MDT
(update February update January 2024)
Matrix 5.1.
Progress on Matrix improvement
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The Team has been working diligently to update and review the Matrix, with the process concluding at the end of 2023.
The official English version is currently undergoing final revisions and will then be made available to national associations for translation into other languages.
Simultaneously, MDT Editors are preparing training materials for consultants and auditors in preparation for the matrix's official launch.
This launch is anticipated for March or April, contingent upon the completion of licensing arrangements and the establishment of a new label for the matrix.
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A diverse group of stakeholders is actively involved in developing and presenting a strategy for the ECG to implement the new European regulation (CSRD Reporting).
This strategy will address the integration or alignment of the Matrix with CSRD Reporting and other future sustainability reporting frameworks.
Once this strategy is finalized, agreed upon by stakeholders, and approved by the ECG, the MDT will commence work on the next Version of the Matrix: 6.0.
Main improvements of the Matrix Version 5.1.
The goal of this iteration was to incorporate feedback, prepare processes for a digital workbook, and to improve the reporting template.
The main changes in the updated version of the ECG standard are as follows:
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Creation Process Matrix version 5.1 (time planning)
What | time | status |
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UNTIL MID MAY | DONE |
a) New Ideas are discussed |
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DONE | |
b) Decision of the editors if they are going to implement the idea is taken |
DONE | |
c) What needs to be done is clear, outlined and planned |
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DONE | |
2. Implementation Process (IMP): |
UNTIL END JUNE | DONE |
a) Editors enter their changes in the internal database |
DONE | |
3. Release Process (REP): |
PLANNED UNTIL END 2023 | |
a) Work of the review team |
SEPT - NOV 2023 |
DONE |
b) Fine-tuning in English & translation into German, Spanish and Italian. |
MARCH 2024 |
title | Nov 2023 |
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IN PREPARATION |
c) Creation of the JSON in English, so that all online tools have the same content as in the manual. (esp. eCalculator by Michael and Wordpress reporting template by Roland) |
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SEPT 2023 | IN PREPARATION |
d) Layout for print |
FEB 2024 | |
e) Publication of layouted versions on the web (websites?) |
MARCH 2024 | |
f) Webbinars for consultants / audit (sessions for Q&A) |
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CSRD
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MARCH 2024 | IN PREPARATION |
CSRD
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update 11/2023
Update 11/2023
Working on Scenarios & Framework to support the strategic decision by FMC.
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Assignment MDT-CSRD-Group
Decision by MDT (Oct 2023)
The CSRD group is assigned to design and propose a framework to be presented to the EMT and the movement after presentation to MDT.
The CSRD-Group expresses preference and recommends one of the scenarios to EMT in the name of the MDT.
General Objectives 2023
- In December 2023, be able to state: Matrix 5.0 is 10-15% compliant with CSRD/ESRS, and the following … is still missing.
- Derived from & aligned with the MDT’s approach: Plan for Matrix 5.1/6.0 - depending on strategic decision of FMC
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- Focus on Int. level / EU, instead of national implementation or third countries
- Basis Matrix 5.0
- Focus CSRD/ESRS, collaborate with A-Team & B-Team to combine ECG 5.0 & Taxonomy, CSDDD
- Work in Progress: all ESRS-documents are still drafts
- VSME/LSME standards cannot be scheduled until drafts are available
planned Deliverables by 12/2023 | stopped due to lack of financing
Working documents for companies that want to report according to both Matrix 5.0 and CSRD/ESRS, in digital form (to be specified), such as:
- Working document for the collection of strategic data, exemplified by a sample company
- Working document for the materiality analysis
- Guide "How to” (in coordination with EFRAG's publications: draft published by EFRAG, no final version)
- Table on all indicators & reporting questions to enter results
- Matching document (table) of all indicators & reporting questions ESRS/CSRD & ECG
- Rough Tasks | stopped due to lack of financing
- Create matching template: first draft done (01 2023), will be adapted continuously
- Match indicators & reporting questions from ESRS & Matrix 5.0 (04-06 2023)
- Match existing general questionnaire CSRD with strategic requirements ESRS and adapt (06 2023)
- Prepare & align materiality analysis concept (07-09 2023)
- Prepare working documents materiality analysis (07-09 2023)
- Feedback process (10-12 2023)
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Sigrid Koloo, +43 660 7616869, sigrid.koloo@ecogood.org
Matrix 6.0
Work on 6.0 is scheduled to begin in early 2024.
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Currently, we are awaiting the strategic decision (planned for mid-March). The team also needs new members and resources in order to be able to handle the large workload.
In the meantime, we are internally gearing up for the new work phase: improving our processes and team structure.
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Possibilities for Feedback
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How to give feedback
- In principle: we ask for feedback that is as concrete as possible and also names the subject area/chapter+section so that it can be assigned to the editor. If there are requests for changes, it would also be helpful to have suggestions for improvement.
Please use this FORM to give specific
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Feedback and help us improve the Matrix.
- Email for general issues and questions: bilanz@ecogood.org
- Online meetings are convened as needed on specific topics and issues. Experts with expertise in the various topics can contact the MET and will be invited to the meetings.
- Exchange meeting for auditors/editors/consultants: DACH network meeting: may 16th-18th 2024 - international network meeting planned for autumn 2024
Support and Collaboration
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- broad knowledge of the ECG Matrix
- experience in applying the ECG Matrix
- fluent English
- good communication skills
- team player
- familiar in using digital tools
- experience in managing / working in projects
If you are interested, please contact us.
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Currently we look for support for the following topics
- Support for the Environmental Footprint Working Group
- Lead for the Stakeholder groups Owners, Customers and Social Environment
- Lead for the Value Groups Environmental Sustainability and Transparency & Co-Determination
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- expert /professionell input for the materiality topic
- support for weighting / relevance filtering group for 6.0
- interlink ECG / GRI Standards