Status of Matrix Development Team (MDT) Current Projects

Current work of the MDT

These are the planned improvements the MDT is working on. 

Phase 1 (asp - end 2023)
5.1+ CSRD content for big companies

a) integrate feedback, create content for the digital workbook + reporting template (Improvements that don’t affect the scoring) 
b) CSRD / ESRS for big undertakings separately

Phase 2 (starting mid 2023 until end 2024) 
a) 5.1 (see above) 
b) an alignment with the CSRD&ESRS requirements for listed SMEs.

Phase 3: 6.0 starting may 2023 aimed for 2025 

a) improved matrix with major changes like scoring system
b) including EU-proposals for non listed undertakings

Creation Process MDT (time planning) 

CSRD 

The Working Group CSRD/ESRS is currently working on the combination/linking/integration of int. reporting standards, such as ESRS/CSRD, NFI 2013/34, Taxonomy, CSDDD and ECG.

Objectives

• In December 2023, be able to state: Matrix 5.0 is xx% compliant with CSRD/ESRS, and the following … is still missing.
• Derived from & aligned with the MDT’s approach: Plan for Matrix 5.1/6.0

Deliverables by 12/2023 

Working documents for companies that want to report according to both Matrix 5.0 and CSRD/ESRS, in digital form (to be specified), such as:

• Working document for the collection of strategic data, exemplified by a sample company
• Working document for the materiality analysis
• Guide "How to” (in coordination with EFRAG's publications)
• Table on all indicators & reporting questions to enter results
• Matching document (table) of all indicators & reporting questions ESRS/CSRD & ECG

Framework 

• Focus on Int. level / EU, instead of national implementation or third countries
• Basis Matrix 5.0
• Focus CSRD/ESRS, collaborate with A-Team & B-Team to combine ECG 5.0 & Taxonomy, CSDDD 
• Work in Progress: all ESRS-documents are still drafts
• VSME/LSME standards cannot be scheduled until drafts are available

Rough Tasks

• Create matching template: first draft done (01 2023), will be adapted continuously
• Match indicators & reporting questions from ESRS & Matrix 5.0 (04-06 2023)
• Match existing general questionnaire CSRD with strategic requirements ESRS and adapt (06 2023)
• Prepare & align materiality analysis concept (07-09 2023)
• Prepare working documents materiality analysis (07-09 2023)
• Feedback process (10-12 2023)

Coordination & Contact

Sigrid Koloo, +43 660 7616869, sigrid.koloo@ecogood.org

Possibilities for Feedback 

• In principle: we ask for feedback that is as concrete as possible and also names the subject area so that it can be assigned to the editor. If there are requests for changes, it would also be helpful to have suggestions for improvement. 
  • • Email: bilanz@ecogood.org
      • RocketChat:
        a) feedback for the MET: https://chat.ecogood.org/channel/hub.mdt.matrix-feedback 
        b) Questions FROM the MET to Matrix-Experts: https://chat.ecogood.org/channel/hub.mdt.asks-public
        c) Feedback to the workbook
    • Online meetings are convened as needed on specific topics and issues. Experts with expertise in the various topics can contact the MET and will be invited to the meetings.
    • Exchange meeting for auditors/editors/consultants: May 12 - 14, 2023 in Nuremberg
  • Contact person for the various topics 

Support and Collaboration 

We are still looking for people who want to actively contribute to the Matrix Development Team. 
Either as editor in charge of a topic or to edit complementary topics. 

In general, the following competencies are necessary for the collaboration in the MDT : 

• broad knowledge of the ECG Matrix 
• experience in applying the ECG Matrix 
• fluent English
• good communication skills
• team player
• familiar in using digital tools
• experience in managing / working in projects

If you are interested, please contact us.