About EcoSphere
An innovative ESG reporting platform developed by ELA Analytics
Part of ELA AS
EcoSphere is a product developed by ELA Analytics, a Norwegian company specializing in data analysis and sustainability reporting solutions.
We combine expertise in ESG regulation with modern technology to make sustainability reporting simpler and more accessible for Norwegian businesses.
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Your partner for data-driven sustainability
EcoSpace
Satellite-driven ESG verification with NASA data
Verify climate reporting with satellite data
NASA satellite data
Uses open NASA data from Sentinel and other satellites to monitor emissions in real-time
Automatic verification
Compares reported emissions with actual measurements to identify discrepancies
Advanced analysis
AI-driven analysis of climate data to provide insights into companies' actual climate footprint
🏆 NASA Space Apps Challenge
EcoSpace was developed during NASA Space Apps Challenge 2024 – the world's largest global hackathon. The platform combines space technology with ESG reporting to create transparency in climate reporting.
CSRD & Omnibus I: Status as of December 2024
Significant simplifications in CSRD regulations - what does it mean for your business?
Omnibus I: Adopted November 2024
The European Parliament and Council adopted the Omnibus I package in November 2024, containing significant simplifications of CSRD. This is the biggest change since CSRD was adopted in 2022.
Status: The changes have been adopted and take effect from reporting year 2025.
New thresholds (CSRD)
From 2025, new higher thresholds apply:
- 1000 employees (previously: 500 FTEs)
- €450 million in revenue (previously: €40 million)
- €25 million in balance (previously: €20 million)
Result: Approximately 90% fewer companies are covered by mandatory CSRD reporting.
Delayed deadlines
Listed SMEs:
First reporting delayed to 2028 (for fiscal year 2027)
VSME standard:
Publication delayed to 2027, with further simplifications
Value chain reporting:
3-year transition period for Scope 3 data
Simplifications in ESRS
Omnibus I also includes significant simplifications of ESRS standards:
- • Fewer data points: Approx. 30% reduction in mandatory data points
- • Simplified DMA: Simpler methodology for double materiality assessment
- • Phased reporting: Gradual implementation of complex requirements (e.g., Scope 3)
- • Sector-specific standards: Postponed until after 2026
For large companies with over 1000 employees and €450 million in revenue.
- Full ESRS reporting
- Double materiality (DMA) required
- Third-party audit
For SMEs and companies wanting voluntary sustainability reporting.
- Simplified ESRS standard
- Simpler materiality assessment
- Flexibility in reporting scope
Our Values
Innovation
We develop technology that makes complex ESG reporting simple and intuitive.
Precision
Accurate data and compliance with all relevant ESG standards.
Partnership
We work closely with our customers to ensure success in their sustainability journey.