CSRD Reporting Software and ESRS Data Collection
Formist maps ESRS datapoints, runs the double materiality driven gap analysis, and generates the data collection templates a CSRD disclosure needs. It cross references the result against GRI, CDP and ISSB/IFRS S1 and S2 where the content overlaps.
What it produces
An XBRL-JSON datapoint file compliant with the ESRS Delegated Regulation (EU) 2023/2772, ready to validate a tagged report before filing.
An Excel data collection template with the gap analysis, identifying mandatory, phased-in and voluntary datapoints.
What is inside
Assesses both impact materiality and financial materiality per ESRS topical standard, the basis for which datapoints are mandatory.
Maps the roughly 1,100 datapoints across ESRS 1, ESRS 2 and the ten topical standards (E1 to E5, S1 to S4, G1).
Tracks the 2025 Omnibus I simplification package, which reduces datapoint scope and has deferred Wave 2 and 3 timelines.
Content that overlaps with GRI, CDP and ISSB/IFRS S1-S2 is reused rather than collected twice.
Frequently asked questions
Who must comply with CSRD and when?
CSRD applies in waves. Wave 1, large listed EU companies and large PIEs, reported first on FY2024 data in 2025. Wave 2 has been deferred to FY2027 under the 2025 Omnibus I proposal, with later waves following. Timelines are currently under revision.
What is double materiality?
The ESRS principle that a company must assess both impact materiality, how it affects people and the environment, and financial materiality, how sustainability matters affect its own financial performance. A topic is material under either.
In what format do ESRS disclosures have to be filed?
As part of the management report, in Inline XBRL tagged against the ESRS XBRL taxonomy. Formist produces an XBRL-JSON datapoint file to validate the tagged report before filing.
Do non-EU companies need to comply?
Non-EU groups with significant EU presence, more than EUR 450 million net turnover in the EU for two consecutive years plus a qualifying EU subsidiary or branch, fall under CSRD for FY2028 reports as revised by Omnibus. Many others report voluntarily.
What is the Omnibus I proposal?
A 2025 European Commission package that reduces the scope and number of ESRS datapoints, delays reporting timelines for Waves 2 and 3 by two years, and revises value chain reporting. Several provisions are still under legislative review.
Start your CSRD disclosure
Tell us which wave you report under, and we will walk you through the gap analysis with your own documents.