From April 4th, 2023, the Corporate Sustainability Assessment (CSA) 2023 questionnaire is open to all companies. S&P Global has made a number of updates in recent months to make its CSA process more convenient for companies. In the following, we compiled relevant information for you to stay on track with the updated CSA approach in 2023.
S&P Global CSA
As sustainability issues continue to gain global momentum, companies are under increasing pressure to assess and report on their ESG (Environment, Social, and Governance) performance in order to remain well positioned in the marketplace and meet stakeholder information demands. One of the leading independent rating agencies in this field is the S&P Global CSA. This is an annual assessment of companies from over 60 industries worldwide that takes into account numerous ESG-relevant aspects. Submission of the CSA questionnaire is in particular a prerequisite for the inclusion of companies in the DJSI, a sustainability stock index. In total, S&P Global is inviting over 13,000 companies to join the CSA process in 2023, a list of which can be found here.
S&P Global CSA 2023: Updates and Timeline – What you need to know.
S&P Global has made several updates to the CSA process in 2023, starting on 4th of April, 2023, which is to provide more flexibility to participating companies:
Participation – April 4th to December 2023:
- A two-months assessment window can be reserved that best suits your reporting schedule and project plans as early as possible – can be done directly on the CSA platform.
- An assessment period starts on the first weekday of every month and ends on the last weekday of the subsequent month, for the total period of April to December.
- CSA questionnaire can be viewed regardless of the start date selected for your own assessment.
Deadline Specifications:
- Companies are now able to apply for deadline extensions via the CSA platform.
- What effect an extension has on the expected publication date of your result will be communicated to you via the extension selection too.
- A maximum time limit applies to companies invited for index inclusion to ensure that a potential Index selection can be made on the basis of a participation-based assessment.
ESG Score Publication – August 2023 to March 2024:
- ESG scores derived from CSA will be disclosed on a monthly basis starting August 2023.
- Membership in the DJSI and ESG indices is expected to be announced beginning December 8, 2023, and in April 2024, if applicable.
Need help to improve your sustainability practices?
DFGE supports companies to continuously improve their sustainability performance and helps them to successfully participate in sustainability assessment initiatives such as CDP and Ecovadis. Recently, DFGE has developed an ESG Questionnaire to help you identify gaps in your company’s ESG management. Please feel free to check this out and contact us by email () or by phone at +49 8192 99733-20 in case you have any questions.
