Lead in ESG with SAP-endorsed reporting tools

← Blog home

Thomson Reuters and SAP have partnered to deliver a powerful ESG reporting solution, now available in the SAP Store. By integrating ONESOURCE Statutory Reporting with SAP’s Sustainability Control Tower, the platform combines regulatory expertise with advanced ESG data management to help organizations meet European Sustainability Reporting Standards (ESRS).

Highlights: 

Discover how Thomson Reuters and SAP’s integration solution simplifies compliance with the ESRS
Learn about ONESOURCE Statutory Reporting with SAP’s Sustainability Control Tower for optimized ESG data collection and reporting
Understand the concept of double materiality, covering both environmental/social impacts and financial performance

Jump to ↓

A unified platform for ESG data and reporting

Built to simplify ESG compliance, the joint solution from Thomson Reuters and SAP automates reporting workflows, centralizes data, and improves accuracy through features like XBRL tagging. This ensures alignment with Corporate Sustainability Reporting Directive (CSRD) mandates and improves reporting accuracy.

Solution highlights:

Compatible with SAP Sustainability Control Tower
Built-in XBRL tagging eliminates outsourced iXBRL services
Streamlined reporting reduces compliance costs and manual effort
Real-time ESG data access centralizes financial and non-financial metrics
Enhanced workflow efficiency promotes transparency and collaboration

The solution is ideal for multinational companies, helping them optimize ESG reporting with efficient data collection, secure storage, and easy regulatory filing.

Why SAP endorsement matters for your ESG strategy

The ESG reporting solution from Thomson Reuters and SAP has earned the distinction of being an endorsed app within the SAP Store. This is a mark of excellence that reflects SAP’s rigorous standards for quality, security, and seamless integration.

Advantages of SAP endorsement

For SAP users, this endorsement guarantees smooth compatibility with existing SAP infrastructure, ensuring reliable performance and simplified deployment.
For Thomson Reuters users, it confirms that the ESG reporting capabilities are fully aligned with SAP’s sustainability framework, enabling efficient, compliant, and centralized data management.

Endorsed apps also receive priority visibility and support within the SAP Store, making it easier for organizations to discover, adopt, and scale the solution with confidence. This recognition reinforces the solution’s credibility and positions it as a trusted tool for navigating complex ESG reporting requirements.

The historic timeline of ESRS

A solution built for ESRS compliance is best understood in the context of the standards’ evolution. Their development reflects the complexity of ESG reporting and the growing need for technology to support accurate, consistent disclosures.

Rooted in the EU’s decades-long commitment to sustainability, ESRS was shaped by stakeholder input led by the European Financial Reporting Advisory Group (EFRAG). It now provides a unified framework for reporting environmental and social impacts, driving transparency and accountability across the region.

Key milestones in ESRS development

1973: The launch of the first Environmental Action Programme laid the groundwork for fundamental environmental regulations and institutions.

2014: Adoption of the Non-Financial Reporting Directive (NFRD) required large public-interest companies to disclose information on social and environmental impacts.

2018: Introduction of the Action Plan on Financing Sustainable Growth aimed to redirect capital towards sustainable investments and manage financial risks related to climate change and other environmental issues.

2019: The presentation of the European Green Deal set an ambitious goal for Europe to become the first climate-neutral continent by 2050.

2020: The proposal of the Corporate Sustainability Reporting Directive (CSRD) aimed to enhance and standardize sustainability reporting across the EU.

2021: The formal adoption of the CSRD proposal marked the introduction of the European Sustainability Reporting Standards (ESRSs).

2022: The final CSRD was published in the Official Journal of the European Union on December 16, 2022.

2024: The European Union’s ESRSs took effect for financial years starting on or after January 1, 2024.

Note: ESRS frameworks continue to evolve and develop in response to emerging sustainability topics, aligning with global standards.

By promoting uniformity in sustainability reporting, ESRS enables stakeholders such as investors, customers, and regulators to access reliable, comparable data. This consistency supports informed decision-making across financial and societal impact areas.

Double materiality and increased granularity

A groundbreaking feature of the ESRS is the concept of double materiality, requiring companies to report both their impact on society and how ESG factors affect their financial performance. This holistic view demands granular disclosures across governance, strategy, risk, and metrics, making integrated systems critical for compliance.

That’s why robust, integrated systems like ONESOURCE ESG Reporting with SAP’s Sustainability Control Tower are essential. These tools help centralize ESG data, streamline workflows, and ensure compliance with evolving EU regulations.

Which companies must comply with ESRS reporting?

The ESRS reporting scope includes large EU companies and non-EU companies with substantial EU operations. Under the EU’s 2025 Omnibus Proposal, the definition of a large company has been tightened, raising thresholds to over 1,000 employees and EUR 50 million in net revenue, narrowing the pool of companies required to report.

Proposed changes may also exclude listed small to medium-sized enterprises (SMEs) from mandatory reporting and delay reporting deadlines for certain entities by up to two years. Additionally, companies may benefit from new relief provisions that allow them to omit disclosures if collecting the data would result in undue cost or effort.

Large company definition under CSRD (as of August 2025)

Meets at least two of the following updated criteria:

More than 250 employees (rising to 1,000 under pending Omnibus rules)
Over EUR 50 million in net revenue
Over EUR 25 million in total assets

Non-EU company compliance (Starting with 2029 reporting)

These non-EU companies must comply if they meet both of the following conditions:

For the last two consecutive financial years, their subsidiaries or branches in the EU have generated over EUR 150 million in net turnover (rising to EUR 450 million under the Omnibus proposals).
Additionally, they must either:

Serve as the ultimate parent of EU subsidiaries that are “large undertakings” or listed SMEs as defined in the CSRD, or
Operate an EU branch with net turnover exceeding EUR 40 million in the previous financial year (rising to EUR 50 million if Omnibus rules pass).

A sustainable future with ESG reporting solutions 

The introduction of the ESRS marked a major shift in corporate sustainability reporting. By embracing these standards, companies not only meet regulatory requirements, they also contribute to a more transparent and responsible global economy.

Ready to transform your ESG strategy?

By choosing the integrated solution from Thomson Reuters and SAP, you’re not just investing in a reporting tool — you’re enabling your organization to lead in sustainability, corporate responsibility, and ESG performance.

Explore how our ESG Solutions can help your business stay ahead of evolving regulations, strengthen compliance, and turn reporting into a strategic advantage.