EU bolsters sustainability reporting requirement with CSRD passage
The European Parliament has passed the Corporate Sustainability Reporting Directive (CSRD) by 525 votes to 60.
Is your company ready for the Corporate Sustainability Reporting Directive?
About this event
In November 2022, the European Commission officially adopted the CSRD, a new corporate sustainability reporting directive that aims to provide a more comprehensive picture of companies’ sustainability performance. It concerns nearly 50,000 European companies that will be required to report their performance against a set of sustainability metrics, including resource use and circular economy performance.
Companies that are affected by the CSRD will have to report on their circular economy performance in 2025, which implies that the first year for which companies will have to disclose their performance is 2024. This requires them to start preparations in 2023 to identify their circular economy related risks and opportunities, develop strategies and performance, and start data collection to track performances.
However, the recent Nature Benchmark from the World Benchmarking Alliance shows that few companies are ready for this new obligation. Whereas 77% of European companies touch upon the topic of circular economy in their sustainability reports, only 22% of them include one or more of the quantitative indicators on circular economy performance that are included in the CSRD.
How can companies better prepare to report on circular economy and resource use as prescribed by the Corporate Sustainability Reporting Directive (CSRD)? What data should they start collecting for the next corporate company report? What questions should they ask their value chain partners? We will discuss these and other questions during this webinar.
The lineup of speakers includes:
Nicolas Sauviat, Research Analyst at World Benchmarking Alliance;
Jacco Verstraeten-Jochemsen, Lead Business Solutions at Circle Economy;
Tamara Veldboer, Business Strategies Lead at Circle Economy;
Roy Vercoulen, founder and CEO at CircularIQ.
About Circle Economy
We are a global impact organisation with an international team of passionate experts based in Amsterdam. We empower businesses, cities and nations with practical and scalable solutions to put the circular economy into action. Our vision is an economic system that ensures the planet and all people can thrive.
Connect with us
LinkedIn – Circle Economy: https://www.linkedin.com/company/circ…
LinkedIn – Circular Jobs Initiative: https://www.linkedin.com/showcase/690…
Key steps to get ready for CSRD- Webinar on the circular economy & upcoming EU legislation
Are you ready for the Corporate Sustainability Reporting Directive (CSRD)?
Are you, as a European multinational, including circular economy topics in your business’ ESG reporting? If not, you might be in for a shock: you’ll most likely be obligated to do so starting in 2023, when the new European directive on sustainability reporting—the CSRD—will go into play.
This webinar will help you figure out if you’re prepared for the changes to come, and will help you discern how to set up your business’ circular economy reporting processes. We’ll guide you through all the steps you need to take: from selecting the right tools and indicators, to reaching out to suppliers for data collection and developing an action plan.
Learn more about measuring your company’s baseline circularity performance: https://assets.website-files.com/5d26d80e8836af2d12ed1269/5faa4d272e1a82a1d9126772_20201029%20-%20BCG%20Metrics%20-%20White%20Papers%20-%20The%20Landscape%20-%20210_x_297_mm%20-%20bleed_3_mm.pdf
How the EU Taxonomy, CSRD and CSDDD are Connected: Presentation by Anniina Kristinsson
Anniina Kristinsson, Senior Manager at Nordic Sustainability with a presentation on how the EU taxonomy, Corportate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) are connected to each other.
The presentation is part of the Nordic Global Compact Meeting 2022, held on October 26-27 by UN Global Compact Sweden. See upcoming events here: https://globalcompact.se/nyheter/vara-event/
‘The CSRD will affect 50.000 companies’ | Inside tips from EU’s Head of Corporate Reporting
The CSRD will improve and replace the European Union’s current Non-Financial Reporting Directive (NFRD).
Companies will have to publicly disclose detailed and transparent information on how sustainability issues.
How can companies prepare for the Corporate Sustainability Directive (CSRD)?
This and more answered in this in-depth interview with Alain Deckers, Head of Unit, Corporate Reporting at the European Commission. He speaks with Ecochain’s Hanni Larma to answer all your pressing questions.
CSRD FAQ Article: https://ecochain.com/knowledge/complying-with-the-csrd-frequently-asked-questions/
EFRAG webpage: https://www.efrag.org/News/Project-489/EFRAG-welcomes-its-role-in-the-European-Commissions-proposal-for-a-new-CSRD
Alain Deckers: https://www.linkedin.com/in/alain-deckers/
Hanni Larma: https://www.linkedin.com/in/hanni-larma/
*Disclaimer: The insights in this interview are based on the released CSRD Proposal and the Proposal for the CSRD Reporting Sustainability Standards. As these are proposals, CSRD information & requirements for companies can still be subject to change.