Project Management, Process Optimization and Sustainable development - ESG, CSR, SDGs, CSRD, SBTI...
CSRD Training Update ♻ 👉 Here is what I have learned this first few days: The Corporate Sustainability Reporting Directive (CSRD) was adopted in November 2022 and is only now gradually coming into effects. The overall theme of the CSRD is the increasing transparency and accountability of companies regarding their environmental and social impact, promoting sustainable business practices across the EU. What does it mean concretely for a company in term of objectives and goals? 1) Standardisation of sustainability reporting (YES finally!) : Right now there is not really a standard framework or rule to follow, the CSR directive will establish a comprehensive and comparable reporting framework for all large companies and listed SMEs in the EU, we are gonna save so much time but also we will be able to compare reporting results within same industries. 2)Double materiality: Companies must report on information that is material to BOTH their stakeholders and their impact on the environment and society (let’s not forget this last one ;)). 3)Focus on value chain: Reporting extends BEYOND a company's own direct operations to include its entire value chain, including subsidiaries, suppliers, and partners. It’s a all scopes kind of situation... 4)Auditing and assurance: Audits will be mandatory for large companies, ensuring the accuracy and reliability of reported information. 5)Improved stakeholder engagement: Companies must actively engage with stakeholders throughout the reporting process. That is a lot yes, but we are already kinda doing it, so the CSRD gives us a better framework and more guidance. ✅ And you? what does it changes for you and your company? #csrd #RSE #sustainabilityinbusiness #regulations
