Impact CSR reposted this
💡 Why you should start implementing CSDDD already now (also as an SME, but with adjustments): 🔗 Direct link to CSRD: CSDDD is essential for making tangible progress on the sustainability matters from the company’s DMA. While CSRD focuses on reporting, CSDDD requires companies to take concrete actions, ensuring that the risks and impacts identified are actively addressed and managed. Therefore, it is important to not see CSRD and CSDDD as separate silos but as part of a cohesive strategy and an integrated approach. Preparing for CSDDD now will strengthen the company’s ability to produce accurate, credible and meaningful sustainability disclosures under CSRD as well as ensure progress. 🕒 Lead time for implementation: Comprehensive and effective due diligence processes, such as identifying and addressing risks, engaging stakeholders, and setting up monitoring systems, take time to establish. 🌍 Supply chain dependencies: Many due diligence measures and efforts depend on data and collaboration with stakeholders in the supply chain, and that requires building trust and increase supplier dialogue - something that can’t be rushed. 🚀 Operational readiness: Starting early allow companies to test and refine their due diligence processes and systems, avoiding a scramble closer to the deadline. ⭐ Reputational considerations: Early movers can position themselves as industry leaders, and differentiate themselves from competitors. Do you agree and do you have anything to add? #csddd #cs3d #hredd #HumanRightsDueDiligence #responsiblebusinessconduct #csrd Impact CSR