Olivia Ho’s Post

It’s CSDDD day. This morning the legislative text of the Corporate Sustainability Due Diligence Directive (CSDDD) was published in the EU's Official Journal. Only last week we convened a group of sustainability professionals to discuss the implications. While it’s clear that the CSDDD significantly extends a company’s responsibility to cover impacts and risks in its supply chain, the legislation still has many open points that require interpretation. How far down the value chain can a company exert influence? How can it take ‘appropriate measures’, as per the text of the Directive, when the impacts are several tiers down the value chain? And how does a company know that it has done enough to address negative impacts? The discussion last week also highlighted that the CSDDD will have major spillover effects, that are often underestimated. The large companies subject to the regulation can only fulfil their due diligence duty by asking their suppliers and supply chain partners to share information, monitor risks and take action when needed. Companies should start anticipating these spillovers. Interested to know more? Find a full summary of the roundtable discussion here: https://lnkd.in/eB3KXd4J With thanks to Stephanie ter Brake! 

The CSDDD has been published, so there is no way back. Companies that are not in scope, but are active in the chain of activities of in-scope companies, should start anticipate to the spillover effect this directive shall have. Looking back to a very insightful roundtable organised by Simply Sustainable last week. You can read the summary report below.

Good read from Joel Makower over on Trellis Group about sustainability becoming a compliance issue as increasing regulations create a floor for minimum action on climate, packaging and others regulations. Is this good, or bad? In some respects, I think it is good that more companies will start measuring, understanding and improving their sustainability performance as a result, but sustainability compliance is boring and I fear it will hinder innovation as more companies check boxes for compliance rather than using sustainability to drive innovation with services, materials, and packaging that are better for people and the planet. Like it or not, the era of sustainability compliance has begun and the companies that embed sustainability into their culture and use it as a tool to drive innovation will be the winners as everyone else is busy "complying." #sustainability #sustainablebusiness #esg https://lnkd.in/euQDt6z9

📑 2024 will be a pivotal year for the rollout of sustainability-related regulations, and companies shall take critical consideration as they plan how to meet the commitments and how to transition their businesses. Want to know more? Deloitte's Sustainability Regulation Outlook 2024 explores the most pressing developments and what these mean for business. ⭕ For example, #circularity is now a clear imperative. In 2024, companies should focus on understanding what #circulardesign means for their products and services, with EU regulatory initiatives establishing requirements for product design, packaging and packaging waste, the ability to repair products, and provisions on end-of-life waste disposal, among other things. The focus on circular design can also create opportunities for companies. For example, in sourcing secondary materials, designing products using other companies’ waste, and providing repair services.  🔗 Explore the full outlook here: https://lnkd.in/dvkm7FBM #sustainabilityregulation #RegulatoryChange #DeloitteInsights #sustainabilityreporting #circularity #supplychains #greenwashing #decarbonisation

Do you know which EU sustainability regulations will affect your organisation the most this year? Do you have a plan in place to respond to the new requirements?  Find this out in the new Deloitte’s EMEA Sustainability Regulation Outlook 2024. The report explores the business implications and the immediate steps companies can take to respond to new and pressing regulations within #SustainabilityReporting #Decarbonisation #Circularity #SupplyChains and #Greenwashing. Read the whole report here: EU Sustainability Regulation | Deloitte Insights

Now, let's break down what this EcoVadis Sustainability Assessment is about..

Great insights Silvina Skverer (Knoll), 🌍 Have you or your clients been navigating the world of EcoVadis assessments lately? I'm curious to learn more about your experiences. As sustainability becomes increasingly important in our business landscape, tools like EcoVadis are gaining traction for assessing our stakeholders. 🤔 Have you encountered requests to complete an EcoVadis assessment? Or perhaps you've noticed a growing trend in this area? Please share your insights or experiences in the comments below or feel free to reach out directly. #Sustainability #EcoVadis #BusinessResponsibility

Recently, we have seen an increase in consultations on the EcoVadis assessment. Even companies with reputable certifications, such as the B-corp certification, are being asked to submit this assessment. While many people believe it adds no value, I argue that the focus of this sustainability assessment and rating platform provides useful information for companies that have a genuine commitment to collaborating with their suppliers to create value and build more sustainable economies. Please see the article I wrote last year to learn more about this assessment. https://lnkd.in/eGZNhjdR

Do you know which EU sustainability regulations will affect your organisation the most this year? Do you have a plan in place to respond to the new requirements?  Find this out in the new Deloitte’s EMEA Sustainability Regulation Outlook 2024. The report explores the business implications and the immediate steps companies can take to respond to new and pressing regulations within #sustainabilityreporting #decarbonisation #circularity #supplychains and #greenwashing . Read the whole report here: https://lnkd.in/egHiAnAv #SRO2024 #sustainability   

Do you know which EU sustainability regulations will affect your organisation the most this year? Do you have a plan in place to respond to the new requirements?  Find this out in the new Deloitte’s EMEA Sustainability Regulation Outlook 2024 below. The report explores the business implications and the immediate steps companies can take to respond to new and pressing regulations within #SustainabilityReporting #Decarbonisation #Circularity #SupplyChains and #Greenwashing.