So what is CSRD and what action is needed?
According to PwC, the main aim of the CSRD is to drive accountability and transparency, while promoting sustainable practices and investments. Companies will need to report on a variety of ESG metrics, giving customers and investors an all-access view of their sustainability agenda.
With the first CSRD reports due in 2025 — for companies with year-ending 31 December 2024 — the clock is ticking, and companies should be prepared to provide accurate information from different parts of their organisation to support the new assurance requirements.
Although small and medium-sized enterprises (SMEs) will not have to comply until January 2026, many will be affected by the growing reach of CSRD. SMEs make up the majority of an average enterprise's suppliers and customers, significantly contributing to their Scope 3 emissions. As large enterprises implement CSRD throughout their supply and value chains, SMEs will increasingly feel its impact.
This webinar hosted by Techies Go Green and selected partners is a great place to start.
Read this eBook on how the digital revolution is going green
5 ways to achieve sustainable IT
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