✏️Quiz time: Test Your CSRD Knowledge! Awareness around Corporate Sustainability Regulatory Reporting(#CSRD) is rapidly growing, given the recent push from EU committees. 📖It marks a major advancement in the regulatory landscape for sustainability reporting across Europe. In the food supply chain, it promotes sustainable sourcing practices and enforces greater corporate accountability for environmental and social impacts, ensuring higher levels of transparency and clarity. ❓But, how confident are you in understanding the key requirements of the CSRD? Do you feel prepared to conduct reporting? Swipe through the quiz to test your knowledge! Leave your answers in the comments and see how many you get right ✅ 🔍 For a deeper dive into the CSRD and its implications, check out our up-to-date materials: https://lnkd.in/gmATDYeQ #Sustainability #CSRD #EURegulations
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Met with Tracy Taylor this morning and learned about the NZ-EU FTA conditions - a wake-up call for Supply Chain professionals. Key regulations to watch out for: 🌍 EU’s Corporate Sustainability Reporting Directive (CSRD) impacts 50,000 EU-based companies and 'large' private firms, requiring disclosure of risks and impacts on people and the environment. 🌿 EU’s European Sustainability Reporting Directive (ESRD) mandates reporting on environmental, social, and governance aspects to enhance transparency. ♻️ EU’s Green Claims Directive combats greenwashing from 2024-2027, ensuring eco claims have substantial proof. Food exporters to EU need to show compliance with banned chemicals regulations. 🔄 EU’s Eco-design for Sustainable Products Regulation focuses on product lifecycle improvements, resource efficiency, and a Digital Product Passport (DPP) for visibility. Non-compliant products face restrictions in 2026. For Supply Chain professionals, staying informed and compliant is crucial in the evolving regulatory landscape. #Sustainability #EURegulations #SupplyChainManagement
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Partner at Nordic Sustainability. Driven by creating positive change and unleashing the potential in people and businesses. CSRD and ESRS focus, with strong double materiality expertise.
The EU's Deforestation Regulation is another important piece of the European regulatory puzzle that affects companies. Here’s what you need to know 👇Kudos to Thomas Thorin for putting this together.
🌍 A walkthrough of the EU's Deforestation Regulation Navigating the #EUDR might seem daunting, but we're here to help! Here's a quick guide: 1️⃣ What is the EUDR? ▪ A new regulation requiring businesses handling high deforestation-risk products to submit due diligence reports for enhanced transparency. 2️⃣ Does Your Company Need to Act? ▪ Large/Medium Companies: Comply by Dec 30, 2024 ▪ Smaller Companies: Comply by June 30, 2025 ▪Check Annex 1 for HS codes to confirm if your products are covered. ▪ Company Responsibilities ▪ Obtain supplier info ▪ Evaluate and mitigate risk ▪ Submit a due diligence report 3️⃣ What is a Due Diligence Report? ▪ A report containing company details, product HS-codes, sourcing locations, and risk mitigation measures. 4️⃣ Next Steps ▪ Identify products within scope ▪ Determine if your suppliers need to report ▪ Prepare your reports and submit via the EU information platform This EUDR is just one part of a broader EU sustainability initiative, including the Corporate Sustainability Due Diligence Directive (#CSDDD), Forced Labour Ban Regulation, and Critical Raw Materials Act. Read our colleague Thomas Thorin's full insights here: https://lnkd.in/d6QKk-CR Stay tuned for our due diligence series!
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In just 6 months companies have to comply with the EU's Deforestation Regulation (EUDR). It's one of several due diligence legislations coming. My colleague Thomas Thorin has written an excellent explainer incl. how to get started #EUDR #duediligence #explainer https://lnkd.in/dVD3pEeB
🌍 A walkthrough of the EU's Deforestation Regulation Navigating the #EUDR might seem daunting, but we're here to help! Here's a quick guide: 1️⃣ What is the EUDR? ▪ A new regulation requiring businesses handling high deforestation-risk products to submit due diligence reports for enhanced transparency. 2️⃣ Does Your Company Need to Act? ▪ Large/Medium Companies: Comply by Dec 30, 2024 ▪ Smaller Companies: Comply by June 30, 2025 ▪Check Annex 1 for HS codes to confirm if your products are covered. ▪ Company Responsibilities ▪ Obtain supplier info ▪ Evaluate and mitigate risk ▪ Submit a due diligence report 3️⃣ What is a Due Diligence Report? ▪ A report containing company details, product HS-codes, sourcing locations, and risk mitigation measures. 4️⃣ Next Steps ▪ Identify products within scope ▪ Determine if your suppliers need to report ▪ Prepare your reports and submit via the EU information platform This EUDR is just one part of a broader EU sustainability initiative, including the Corporate Sustainability Due Diligence Directive (#CSDDD), Forced Labour Ban Regulation, and Critical Raw Materials Act. Read our colleague Thomas Thorin's full insights here: https://lnkd.in/d6QKk-CR Stay tuned for our due diligence series!
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Are you keeping up? The EU Green Deal is rolling out fast - to make Europe transition into a resource-efficient economy. Loads of abbreviations and new laws are being passed and it can get confusing 🤷♀️ Companies were just getting used to: ✅ CSRD (Corporate Sustainable Reporting Directive) and the connected ESRS (European Sustainability Reporting Standards) where most companies are now in full force to do their Double Materiality Assessment to comply. ✅ Green Claims directive to stop greenwashing and ensure there is proof behind statements. And just yesterday The EU Parliament adopted: ✅ CSDDD (Corporate Sustainability Due Diligence Directive) – to ensure companies can identify, prevent, mitigate, and account for adverse environmental and human rights impacts in their operations and value chains. ✅ PPWR (European Packaging and packaging waste) directive - to reduce the amount of packaging waste generated in the EU. I am sure more is to come and even though it may seem overwhelming we are on the right track – frameworks like these help businesses lead the transformation 💯 ♻ 🌷 Read more CSDDD: https://lnkd.in/dJbrZcwJ #CSRD #sustainabletransformation #businessimpact
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New regulatory guidance on 'greenwashing' has been reviewed by the IUA. As more and more financial products aim to demonstrate qualities of sustainability, the Financial Conduct Authority is introducing new guidance to ensure such claims are not exaggerated or misleading. Responding to an official consultation exercise on behalf of member companies, the IUA has welcomed the guidance. In addition, it has called for further examples of best practice to be published so that insurers can be clear about what they need to consider when discussing sustainability.
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There are several #environmental reporting frameworks and standards that #pharma organisations can use to report on their environmental performance. In the last few years, these regulations and initiatives have evolved to facilitate sustainable #supplychain operations, in line with the Corporate Sustainability Reporting Directive (#CSRD) In this white paper, we take a look at some of the key #sustainability reporting frameworks and standards. https://bit.ly/3KjbMCn
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Starting December 30 2024, the EU Deforestation Regulation (#EUDR) mandates companies to submit Due Diligence Statements. See how this regulation affects your industry and explore how seven key dimensions in the Consumer Sustainability Industry Readiness Index (#COSIRI) can directly support and enhance your #sustainability and compliance efforts with the EUDR. Download the full article: https://lnkd.in/gGYY8Wae #ConsumerSustainability
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Do you feel like you're drowning in a sea of new EU sustainability directives and regulations? 🫠 We get it. Navigating through these changes can be overwhelming. On our blog, we break down what EUDR, CSRD, ECGT, and the Green Claims Directive mean for food companies. Just yesterday, the European Parliament made a significant move by voting in favor of the Green Claims Directive. 🌍 Talk to us if you want to explore how our climate and sustainability data can empower your company to align with these regulatory changes 👉 https://lnkd.in/gkJWB3mf Check out our blog posts: ✅ Everything you need to know about EU Anti-Deforestation Regulation (EUDR) 👉 https://lnkd.in/gvuCJz7H ✅ The new era of sustainability reporting (CSRD) 👉 https://lnkd.in/gV3qQCYn ✅ Empowering Consumers for the Green Transition’ (ECGT) and Green Claims Directive 👉 https://lnkd.in/gidqifdp #eudirective #greenclaimsdirective #eudr #csrd #climatedata #sustainabilityreporting #sustainabilitydata #foodfacts #fooddata #hållbarmat #hållbarhet #ecgt
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Are you figuring out how to navigate the intricate world of green and sustainability claims? Our latest article brings you up to speed on the latest developments, from the UK and Europe's diverging positions to the actions being taken by the Competition and Markets Authority (CMA). Learn about the 6 principles guiding "green" claims, the Unilever case, and the upcoming legislation headed our way. A must-read for those striving to substantiate their impact accurately, transparently and ethically. Click the link to read more!
What to do about green claims?
share.postbeyond.com
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🇪🇺 Last Wednesday, the European Parliament granted its ultimate approval to a new legislation aimed at prohibiting deceptive environmental assertions on products and enhancing labeling practices. The new law aims to curtail a series of unfair company tactics that prevents consumers from making sustainable choices. 🚨 More rigorous oversight will also extend to sustainability labels, which will need to be backed up by third-party verification to ensure their credibility and reliability. 🌿 Check with us your Supply Chain according to Sustainable Development Goals (SDGs) and ESG requirements ➡ Global Risk Profile (GRP) 💡 EDERIS™
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📃 Account Executive @ Agriplace | We simplify compliance
1moI am curious to see the answers of all the CSRD gurus reading this post 🙄