XBRL-Tagging of CSRD Reports

How EQS will provide CSRD tagging in the future

In the future, EQS will provide CSRD tagging as a combination of the EQS Sustainability Cockpit and the EQS Tagging Service.

The EQS Sustainability Cockpit supports the preparatory steps of CSRD/ESRS reporting, in particular the double materiality assessment, structured data collection, and the creation of the report. Based on the completed report, the EQS Tagging Service will then perform the digital tagging.

The EQS Tagging Service is a separate service and is not part of the software offering. It must therefore be commissioned separately.

The EQS Tagging Service has been the market leader in ESEF tagging in Germany for years. EQS will bring this experience to CSRD tagging in the future as well.

What the planned process will look like

1. Companies carry out the relevant steps of CSRD/ESRS reporting in the EQS Sustainability Cockpit.

2. Material topics, data points, and report content are structured and prepared there for report creation.

3. The completed report forms the basis for digital tagging.

4. The EQS Tagging Service then carries out the tagging of the report in the regulatory format required at that time.

Why the service is not yet available

The CSRD tagging service is not yet offered as a regular service because there is still no new relevant taxonomy for digital tagging for the revised ESRS.

The ESRS have been revised. The previous taxonomy referred to the earlier version of the standards and is therefore not the basis for future standardized CSRD tagging based on the revised ESRS.

According to the current status, a new relevant taxonomy is not expected before end of 2027 or beginning of 2028. Until this basis is available, CSRD tagging cannot yet be offered as a regular service.

What companies can already do with EQS today

Regardless of the future tagging requirements, companies can already use EQS today to cover the key upstream steps of CSRD/ESRS reporting. This includes in particular the double materiality assessment, structured data collection, and the creation of the report.

This allows companies to establish and structure their reporting processes already now and prepare specifically for future tagging requirements.

Summary

In the future, EQS will provide CSRD tagging as a combination of the Sustainability Cockpit and the EQS Tagging Service. The Sustainability Cockpit supports the upstream reporting steps, while the EQS Tagging Service will later perform the digital tagging of the completed report. The EQS Tagging Service is a separate service and must be commissioned separately.

At present, this service is not yet offered as a regular service, as there is still no new relevant taxonomy for digital tagging for the revised ESRS.