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The Corporate Sustainability Reporting Directive (CSRD) transforms sustainability reporting into mandatory financial-grade accounting. Learn how to meet your European Sustainability Reporting Standards (ESRS) for Scope 2, navigate supply chain reporting (VSME), and automate the Guarantees of Origin (GO) operations that make your claims audit-proof.
Under CSRD, companies are required to report their environmental impact using the European Sustainability Reporting Standards (ESRS). Specifically, ESRS E1 (Climate Change) mandates that companies report their gross Scope 2 GHG emissions.
ESRS relies entirely on the foundational accounting rules set by the GHG Protocol. This means mandatory dual-reporting for your purchased electricity.
You must calculate your footprint using the European "Residual Mix" - the grid average after all the clean energy claimed by other companies has been removed. This significantly inflates your reported carbon footprint.
Unlike previous voluntary frameworks, CSRD requires mandatory independent assurance (statutory audits).
Because the market-based method relies entirely on contractual instruments, the burden of proof falls entirely on you. During your financial and sustainability audits, assurance providers will demand detailed GO cancellation statements for every megawatt-hour claimed, across every European operating region. They expect to see the exact origin of this energy down to the specific power generation device.
CSRD's impact cascades down the supply chain. Large corporates must report their Scope 3 emissions, which means they need their suppliers to report their Scope 2 emissions.
To standardize this, the EU introduced VSME (Voluntary SME standard). This framework helps non-listed small and medium enterprises report their climate data to larger supply-chain partners. However, tracking, verifying, and collecting device-level GO cancellation creates significant overhead for your down-stream supply chain of SME suppliers.
Every GO managed through Soldera is automatically cancelled in the correct national registry and supplied with the actual, official registry cancellation statement. Track origin down to the specific generation device for your ESRS disclosures.
Our system matches your consumption with GOs that meet all Renewable Energy Directive, market boundary, and local requirements. No manual checking, no spreadsheet errors.
Soldera interfaces directly with primary government registries, ensuring absolute exclusive ownership and preventing double-counting across the EU.
Extend the platform to your supply chain so SME suppliers can procure, cancel, and report compliant GO data directly back to you, seamlessly powering your CSRD Scope 3 reporting.