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Current work of the MDT
(update February April 2024)
Matrix 5.1.
Progress on Matrix improvement Workbook 5.1 completed
For the last months MDT worked intensively on completing the the new version 5.1 of the matrix.
The Team new workbook 5.1 is completed and 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.handed over to the communications hub for layout.
The translations will be organized nationally. If you are interested, please contact: Estrellita García
Simultaneously, MDT Editors are preparing training materials for consultants and auditors in preparation for the matrix's official launch.
This internal launch is anticipated for March or April, contingent upon the completion of licensing arrangements and the establishment of a new label for the matrix.
Engagement on CSRD Reporting Strategy
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.
end April and we will go public with it probably at the beginning of June.
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The release of Matrix 5.1 and workbook is advancing quickly. The MDT team has heard your feedback about the communication around the transition to V5.1, and we want to thank you for letting us know! We understand that there have been some challenges, like:
We appreciate your patience as we work through these issues! The MDT team has limited resources, but we're committed to making this transition as smooth as possible. Here are a few ways we can all work together:
We're all in this together, and by working as a team, we can make sure the transition to V5.1 is a success! |
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The goal of this iteration was to incorporate feedback, prepare processes for a digital workbook, and to improve the reporting template. The main changes |
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in the updated version of the ECG standard are as follows:
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The team will provide material that explains the changes. This is planned for the end of |
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April. |
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UNTIL MID MAY
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UNTIL END JUNE
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MARCH 2024
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SEPT 2023
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MARCH 2024
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IN PREPARATION
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CSRD
Engagement on CSRD Reporting Strategy
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.
CSRD
update 11/2023
Update 11/2023
Working on Scenarios & Framework to support the strategic decision by FMC.
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
Framework 2023
- 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)
Coordination & Contact
Sigrid Koloo, +43 660 7616869, sigrid.koloo@ecogood.org
Matrix 6.0
Work on 6.0 is scheduled to begin in early mid 2024.
Further Improvements to the matrix are planned, including major changes to the scoring system and an CSRD alignment.
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Possibilities for Feedback
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Please use this FORM to give specific Feedback and help us improve the Matrix. |
- Email for general issues: 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.
Currently we look for support for the following topics
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