Caseware Extends Availability of ESG Reporting App to Transform Sustainability Reporting

ESG reporting app now available for Netherlands, Belgium, Luxembourg and Denmark

NETHERLANDS, September 9, 2024: Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the launch of its Environmental, Social, and Governance (ESG) reporting application for the Netherlands, Belgium, Luxembourg and Denmark. Currently available in English but with plans to deliver local language capabilities in the coming months, the ESG app represents a significant milestone in Caseware’s commitment to supporting firms with sustainability reporting across all stages – from scope determination and data collection to report creation.

Companies in Germany have benefitted from the Caseware ESG app since its launch in October 2023. Customers report that the app offers clear guidance throughout the implementation process, ensures accuracy of documentation and tracking at each stage, and facilitates a streamlined reporting experience overall.

A reporting obligation has been in effect for large capital-market-oriented companies since 2017. The Corporate Sustainability Reporting Directive (CSRD) extends the obligation to large non-capital-market-oriented companies starting in fiscal year 2025 and to small and medium-sized capital-market-oriented companies starting in 2026. Over 49,000 European companies must start submitting sustainability reports by 2026 at the latest.

Companies that are required to submit an ESG report for the first time in 2026 for fiscal year 2025 should address the subject now to understand the requirements arising from the CSRD and implement suitable processes and systems.

“New laws and regulations are making CSRD reporting increasingly vital, yet its implementation remains highly complex,” said Joost Ekkelboom, Managing Director Caseware Netherlands and Head of Commercial, Caseware Europe. “Our goal in simplifying reporting and providing actionable insights is to enable firms to contribute to a more sustainable future while maintaining compliance and enhancing their reputation.”

Key features of the ESG app:

• Materiality analysis: The app provides a workflow to carry out the company materiality assessment based on the European Sustainability Reporting Standards (ESRS) to determine the exact disclosure requirements to be reported for a reporting year.
• Information collection and collaboration: The app facilitates an integrated process and the full content of the 12 ESRS to gather each specific item of required information per the defined disclosure requirement. It enables collaboration between all individuals in the company who are responsible for a specific requirement. Documents and information can be requested by using predefined queries directly within the app.
• Building the report: Based on the materiality assessment and the information obtained, the app outputs text modules used to build the report. The output will be a report with customized wording. 
• XBRL tagging and mapping for ESEF filing: Provides benefits such as improved consistency, transparency, comparability and accessibility for users of the report as well as ensuring faster, machine readable non-financial reporting, better data quality and reduced manual errors.

“The launch of the ESG app marks a significant milestone in addressing the increasing need for clear and reliable ESG reporting,” says Heike Kramer, Business Development Manager, Caseware Germany. “There is a substantial need for support in establishing a strong and precise process for complete ESG reporting, especially as the CSRD imposes considerably greater requirements on companies. Caseware’s innovative solution will give customers across Europe the tools they need to fulfill their obligations and streamline the process with ease.”

For more information, please visit the Caseware ESG website.

About Caseware Caseware is the leading global provider of cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting firms, corporations and government regulators. Caseware’s innovative tools and platforms help more than half a million users in 130 countries work smarter, dig deeper and see further as they transform insights into impact.