Content:
The EU’s Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) are not just related—they are complementary, forming a cohesive regulatory framework that covers the entire sustainability due diligence lifecycle. From identifying and assessing adverse impacts to addressing and reporting on them, these directives work together to promote responsible business practices.
The CSRD serves as much more than just a reporting obligation—it’s a powerful catalyst for change. While issuing a sustainability report is a critical first step, it marks the beginning of an ongoing journey toward embedding sustainability deeply into business operations. Initially, the focus is on meeting regulatory requirements by providing the necessary sustainability information.
In this Insight Hub session on “Corporate Sustainability Essentials: Connecting CSRD & CSDDD,” our legal and reporting experts, Katharina Behrend and Maxine Bichler, along with the moderator, Leonel Lisboa, consultant and co-head of Löning Academy, explored the interconnection between CSDDD and CSRD, highlighting how a pragmatic approach that leverages synergies between these directives can lead to effective compliance and long-term business transformation.
Key topics covered include:
– The intersection of CSRD and CSDDD requirements, focusing on human rights and environmental due diligence (HREDD), stakeholder engagement, and risk assessments.
– Important considerations for implementation, including timely stakeholder engagement and preparation strategies.
– Common challenges such as timelines and data readiness.
Year: Oct 2024
Language: English
