Thomson Reuters and SAP’s built-in reporting answer helps multinationals streamline ESG compliance
Thomson Reuters and SAP have partnered to ship a robust ESG reporting answer, now obtainable within the SAP Retailer. By integrating ONESOURCE Statutory Reporting with SAP’s Sustainability Management Tower, the platform combines regulatory experience with superior ESG information administration to assist organizations meet European Sustainability Reporting Requirements (ESRS).
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A unified platform for ESG information and reporting
Constructed to simplify ESG compliance, the joint answer from Thomson Reuters and SAP automates reporting workflows, centralizes information, and improves accuracy by options like XBRL tagging. This ensures alignment with Company Sustainability Reporting Directive (CSRD) mandates and improves reporting accuracy.
Resolution highlights:
- Suitable with SAP Sustainability Management Tower
- Constructed-in XBRL tagging eliminates outsourced iXBRL companies
- Streamlined reporting reduces compliance prices and handbook effort
- Actual-time ESG information entry centralizes monetary and non-financial metrics
- Enhanced workflow effectivity promotes transparency and collaboration
The answer is good for multinational firms, serving to them optimize ESG reporting with environment friendly information assortment, safe storage, and simple regulatory submitting.
Why SAP endorsement issues to your ESG technique
The ESG reporting answer from Thomson Reuters and SAP has earned the excellence of being an endorsed app throughout the SAP Retailer. It is a mark of excellence that displays SAP’s rigorous requirements for high quality, safety, and seamless integration.
Benefits of SAP endorsement
- For SAP customers, this endorsement ensures clean compatibility with present SAP infrastructure, making certain dependable efficiency and simplified deployment.
- For Thomson Reuters customers, it confirms that the ESG reporting capabilities are absolutely aligned with SAP’s sustainability framework, enabling environment friendly, compliant, and centralized information administration.
Endorsed apps additionally obtain precedence visibility and assist throughout the SAP Retailer, making it simpler for organizations to find, undertake, and scale the answer with confidence. This recognition reinforces the answer’s credibility and positions it as a trusted software for navigating complicated ESG reporting necessities.
The historic timeline of ESRS
An answer constructed for ESRS compliance is finest understood within the context of the requirements’ evolution. Their improvement displays the complexity of ESG reporting and the rising want for expertise to assist correct, constant disclosures.
Rooted within the EU’s decades-long dedication to sustainability, ESRS was formed by stakeholder enter led by the European Monetary Reporting Advisory Group (EFRAG). It now offers a unified framework for reporting environmental and social impacts, driving transparency and accountability throughout the area.
Key milestones in ESRS improvement
1973: The launch of the primary Environmental Motion Programme laid the groundwork for elementary environmental rules and establishments.
2014: Adoption of the Non-Monetary Reporting Directive (NFRD) required giant public-interest firms to reveal data on social and environmental impacts.
2018: Introduction of the Motion Plan on Financing Sustainable Progress aimed to redirect capital in the direction of sustainable investments and handle monetary dangers associated to local weather change and different environmental points.
2019: The presentation of the European Inexperienced Deal set an bold aim for Europe to turn into the primary climate-neutral continent by 2050.
2020: The proposal of the Company Sustainability Reporting Directive (CSRD) aimed to boost and standardize sustainability reporting throughout the EU.
2021: The formal adoption of the CSRD proposal marked the introduction of the European Sustainability Reporting Requirements (ESRSs).
2022: The ultimate CSRD was revealed within the Official Journal of the European Union on December 16, 2022.
2024: The European Union’s ESRSs took impact for monetary years beginning on or after January 1, 2024.
Be aware: ESRS frameworks proceed to evolve and develop in response to rising sustainability matters, aligning with world requirements.
By selling uniformity in sustainability reporting, ESRS permits stakeholders reminiscent of traders, clients, and regulators to entry dependable, comparable information. This consistency helps knowledgeable decision-making throughout monetary and societal impression areas.
Double materiality and elevated granularity
A groundbreaking characteristic of the ESRS is the idea of double materiality, requiring firms to report each their impression on society and the way ESG components have an effect on their monetary efficiency. This holistic view calls for granular disclosures throughout governance, technique, danger, and metrics, making built-in methods important for compliance.
That’s why sturdy, built-in methods like ONESOURCE ESG Reporting with SAP’s Sustainability Management Tower are important. These instruments assist centralize ESG information, streamline workflows, and guarantee compliance with evolving EU rules.
ONESOURCE ESG Reporting for SAP Sustainability Management Tower
Thomson Reuters and SAP combine for easy ESG reporting.
Which firms should adjust to ESRS reporting?
The ESRS reporting scope consists of giant EU firms and non-EU firms with substantial EU operations. Underneath the EU’s 2025 Omnibus Proposal, the definition of a big firm has been tightened, elevating thresholds to over 1,000 workers and EUR 50 million in web income, narrowing the pool of firms required to report.
Proposed modifications might also exclude listed small to medium-sized enterprises (SMEs) from necessary reporting and delay reporting deadlines for sure entities by as much as two years. Moreover, firms could profit from new reduction provisions that enable them to omit disclosures if accumulating the info would lead to undue value or effort.
Massive firm definition beneath CSRD (as of August 2025)
Meets a minimum of two of the next up to date standards:
- Greater than 250 workers (rising to 1,000 beneath pending Omnibus guidelines)
- Over EUR 50 million in web income
- Over EUR 25 million in whole property
Non-EU firm compliance (Beginning with 2029 reporting)
These non-EU firms should comply in the event that they meet each of the next situations:
- For the final two consecutive monetary years, their subsidiaries or branches within the EU have generated over EUR 150 million in web turnover (rising to EUR 450 million beneath the Omnibus proposals).
- Moreover, they have to both:
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- Function the last word guardian of EU subsidiaries which can be “giant undertakings” or listed SMEs as outlined within the CSRD, or
- Function an EU department with web turnover exceeding EUR 40 million within the earlier monetary 12 months (rising to EUR 50 million if Omnibus guidelines cross).
A sustainable future with ESG reporting options
The introduction of the ESRS marked a serious shift in company sustainability reporting. By embracing these requirements, firms not solely meet regulatory necessities, additionally they contribute to a extra clear and accountable world financial system.
Prepared to rework your ESG technique?
By selecting the built-in answer from Thomson Reuters and SAP, you’re not simply investing in a reporting software — you’re enabling your group to steer in sustainability, company duty, and ESG efficiency.
Discover how our ESG Options may also help your corporation keep forward of evolving rules, strengthen compliance, and switch reporting right into a strategic benefit.
