This whitepaper serves as a guide for companies to navigate the complex landscape of ESG regulations. It provides a comprehensive overview of the regulatory framework on sustainability and the importance of a data-driven approach to efficiently address sustainability initiatives. The document is divided into two parts.
The first part focuses on the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). These guidelines are designed to require companies to report on ESG topics and conduct due diligence on the negative impact on people and the environment. This section explains who these guidelines apply to, including timing regarding implementation and how best to prepare your company. It also introduces the EU Sustainability Reporting Standards (ESRS), which help with reporting on specific ESG topics.
The second part focuses on the practical implementation of ESG guidelines in business. It emphasises the importance of a data-driven approach to identifying ESG risks and opportunities. A strong value chain is crucial. After all, you yourself are only as sustainable as your value chain. In addition, it discusses the challenges and opportunities for small and medium-sized enterprises (SMEs) in relation to ESG. You will also gain insight into the benefits of a data-driven approach using the ESG Indicator to assess business relationships.
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The white paper closes with the growing importance of ESG in risk management and the value of data-driven decision-making. Onboarding in finance will hinge on ESG in the future. You may therefore put the ESG Indicator on par with credit limit, payment score and other scores/indicators, among others.