New EU regulations on sustainability reporting

From 2023 and onwards companies with more than 250 employees must provide insight into their impact on the environment and society. The European Union announced this with the amendment of the Non-financial Reporting Directive (NFRD) to the Corporate Sustainability Reporting Directive (CSRD).

Until now the obligations of the NFRD only applied to listed companies. The new measures are a substantial extension to the current reporting obligation. From now on, the data that companies provide must be checked by accountants. In addition, the annual report must provide insight into the objectives, strategy and progress the company is making in terms of the environment and society.

What does this mean for me as an SMB?

Although your company may not have 250 employees (yet) and 12 months might seem a long way off, it is important to realize that a sustainability strategy is not developed overnight. On average it takes around 6 months to a year to get there.

Therefore it is a good idea to have a 3D Company Photo taken today. This will provide you with answer to the 5 most important questions that every company should ask itself today:

Have your 3D Company Photo taken & get answers to 5 important questions:

✅   Is my company adding more value to society than it extracts & how do we compare to other organizations? 

✅   What is our individual contribution to each of the 17 UN Sustainable Development Goals?

✅   How willing are employees and board members to contribute to a more sustainable future?

✅   What is our collective knowledge level when it comes to sustainability?

✅   Where are the opportunities for my organization to make meaningful impact?