SWM members SustainIQ have released two helpful e-books.
The first is to help business prepare for the impacts of the Corporate Sustainability Responsibility Directive (CSRD).
The CSRD will result in more organisations having to disclose on their social and environmental impacts. Like the Non-Finanical Reporting Directive (NFRD), the CSRD will require “double materiality”, and so businesses will need to consider the impacts of sustainability & Environmental, Social and Governance (ESG) variables on both their business performance, and their external stakeholders.
Although the CSRD is an EU Directive, UK businesses are not exempt and you must comply if:
- You have EU-based subsidiaries
- Even if it is only one subsidiary and all others are outside the EU, you must still comply and disclose
- Have securities on EU-regulated markets
- Have over €150m turnover in EU
The CSRD will also have implications for the supply chain as EU corporations will need to report on their Scope 3 emissions. The CSRD will be expanded in the years to come, so getting ahead of the curve is key.
The second e-book from SustainIQ is on best practice in sustainability reporting. It looks at examples of sustainability reporting in construction, showcasing a range of BREEAM Excellent standard builds and how data was leveraged to achieve them.
