Current work of the MDT
These are the planned improvements the MDT is working on.
Phase 1 (asp - end 2023)
5.1+ CSRD content for big companies
a) integrate feedback, create content for the digital workbook + reporting template (Improvements that don’t affect the scoring)
b) CSRD / ESRS for big undertakings separately
Phase 2 (starting mid 2023 until end 2024)
a) 5.1 (see above)
b) an alignment with the CSRD&ESRS requirements for listed SMEs.
Phase 3: 6.0 starting may 2023 aimed for 2025
a) improved matrix with major changes like scoring system
b) including EU-proposals for non listed undertakings
Creation Process MDT (time planning)
| What | time | status |
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- Ideation Process (IDP):
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| a) New Ideas are discussed |
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b) Decision of the editors if they are going to implement the idea is taken |
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| c) What needs to be done is clear, outlined and planned |
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| 2. Implementation Process (IMP): | | |
a) Editors enter their changes in the internal database |
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| 3. Release Process (REP): | |
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| a) Work of the review team | | |
| b) Fine-tuning in English & translation into German, Spanish and Italian. | |
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| 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) | | |
| d) Layout for print | |
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| e) Publication of layouted versions on the web (websites?) | |
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| f) Webbinars for consultants / audit (sessions for Q&A) | |
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CSRD
The Working Group CSRD/ESRS is currently working on the combination/linking/integration of int. reporting standards, such as ESRS/CSRD, NFI 2013/34, Taxonomy, CSDDD and ECG.
Objectives
- In December 2023, be able to state: Matrix 5.0 is xx% 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
Deliverables by 12/2023
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)
- Table on all indicators & reporting questions to enter results
- Matching document (table) of all indicators & reporting questions ESRS/CSRD & ECG
Framework
- 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
Rough Tasks
- 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
Possibilities for 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.
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- 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: November 17th 2023 - international network meeting, DACH-network meeting may 15th-18th 2024
- Contact person for the various topics
Support and Collaboration
We are still looking for people who want to actively contribute to the Matrix Development Team.
Either as editor in charge of a topic or to edit complementary topics.
In general, the following competencies are necessary for the collaboration in the MDT :
- 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 - Support for the Environmental Footprint Working Group
- Lead for the Stakeholder groups Customers and Social Environment
- Lead for the Value Groups Environmental Sustainability and Transparency & Co-Determination
- New member for B1 or B4, C2
- Support for D4, A2 and A4
- expert /professionell input for the materiality topic
- support for weighting / relevance filtering group for 6.0 (needed by the end of 2023)
- interlink ECG / GRI Standards
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