‍CSRD Directive

The Corporate Sustainablity Reporting Directive (CSRD) is a European directive that requires companies to report transparently on their sustainability performance and risks starting in 2024. In addition, the directive aims to encourage companies to operate in a sustainable manner.

‍

The CSRD brings important changes, for example, there will be a greater focus on environmental and social information. Companies will be required to provide information about their impact on the environment and climate change, as well as their contribution to social issues such as the fight against corruption and human rights.

‍

All of this will help create a level playing field for businesses to compete fairly with each other without harming the planet.

‍

The essence of the CSRD

It is not the case that the Corparte Sustainability Reporting Directive will immediately apply to all Dutch companies. This will in fact happen in stages.

‍

‍Theguideline for the year 2024 is applicable to large listed companies with more than 250 employees (average for the year). Where turnover exceeds 40 million per year and a balance sheet total exceeds 20 million. Then in 2026, large unlisted companies, listed SMEs and certain non-EU companies will be required to report under the CSRD.

‍

European Sustainability Reporting Standards (ESRS).

To achieve these goals, the CSRD will provide guidelines for effective reporting. The CSRD prescribes the ESRS.

‍

The ESRS has disclosure requirements for companies reporting on environmental issues. You can read about it here. There are two general standards, ESRS 1 (General Requirements) and ESRS 2 (General Disclosures).

‍

The general disclosure requirements from the ESA2 are mandatory for all companies. The 10 thematic standards are divided into: environmental, social and governance. Your company only has to report this if this topic is material to you. In addition, there are 10 more thematic standards. 

‍

The benefits of reporting

Reporting sustainability brings many benefits to companies, including:

• It shows what sustainable activities were undertaken and how it compares to others in the industry. 
• It can contribute to your company's reputation and attractiveness to investors and customers.
• Sustainability reporting also helps identify the company's sustainability goals and work toward improvement. 
• Through mutual transparency, companies can learn more from each other and make faster strides on social and sustainability challenges that face us in the future

‍

Sustainable employability

To comply with the new CSRD directive, companies will have to provide a comprehensive and transparent overview of their sustainability practices and performance. 

‍

There are specific items that companies must report on. So this ensures that everyone is reporting on the same thing. This allows for easier comparison and less chance of greenwashing.

‍

To measure is to know

A good way to measure sustainability performance is through an impact meter. It can help collect emissions data or determine how sustainable the company's operations are. The impact meter can be used on environmental and social components.

‍

Environment: The reduction of waste & CO2 emissions

Data is collected on the number of people who used the tap and the estimated amount of waste and CO2 emissions saved as a result. The numbers in the dashboard show how much you as a company are using the water tap. This can result in a significant reduction in waste & CO2 emissions. This contributes to your commitment to sustainable operations.

‍

Social: Increase vitality

There has been an eventual increase in water consumption. The water tap has resulted in a significant increase in drinking water consumption among your employees. This promotes staff health and well-being, which can result in increased work productivity and reduced absenteeism.

‍

Therefore, an impact meter

Using an impact meter helps companies improve their reporting so that companies can focus on the goals that really matter. The CSRD guideline is an important step toward greater transparency and sustainability within companies. 

‍

Starting in 2024, companies will be required to report more on their sustainability performance. So using an impact meter can actually contribute to an effective and efficient way of sustainability reporting and allows you to quickly and clearly understand your company's and your colleagues' performance.

‍

‍‍

Request more information now and take advantage of our promotion.

‍

*Read here the conditions of action

‍