The Challenges of CSRD Compliance and the Need for Sustainability Training

The Corporate Sustainability Reporting Directive (CSRD) is a new EU regulation that will require companies to report on their environmental and social impact. The CSRD is more comprehensive than its predecessor, the Non-Financial Reporting Directive (NFRD), and it will impose stricter reporting requirements on companies.

One of the challenges of CSRD compliance is the need to train personnel to understand the drivers behind reporting of events and other data points in the supply chain. This is because the CSRD requires companies to report on a wider range of sustainability metrics, including those related to their supply chains.

For example, companies will need to report on the environmental and social impacts of their suppliers’ activities. This can be a challenge, as companies may not have the visibility or control over their suppliers’ operations.

In addition, the CSRD requires companies to report on their progress towards sustainability goals. This can be a challenge, as companies may not have a clear understanding of their sustainability goals or how to measure their progress.

To address these challenges, companies need to invest in sustainability training for their personnel. This training should cover the following topics:

  • The CSRD requirements
  • The drivers behind reporting of events and other data points in the supply chain
  • Sustainability goals and how to measure progress

Sustainability training can help companies to comply with the CSRD and to improve their sustainability performance. It can also help companies to attract and retain employees who are passionate about sustainability.

Here are some tips for companies that are looking to train their personnel on CSRD compliance:

  • Start by identifying the key stakeholders who need to be trained. This could include employees in finance, operations, supply chain, and marketing.
  • Develop a training curriculum that covers the key topics listed above.
  • Use a variety of training methods, such as online courses, workshops, and webinars.
  • Make sure that the training is interactive and engaging.
  • Provide opportunities for employees to ask questions and get feedback.

By following these tips, companies can ensure that their personnel are well-trained on CSRD compliance and that they are equipped to help the company achieve its sustainability goals.

In addition to the CSRD, there are other regulations that affect corporate sustainability reporting. These include:

  • The EU Taxonomy
  • The Sustainable Finance Disclosure Regulation (SFDR)
  • The UK’s Sustainability Reporting Requirements

These regulations impose different reporting requirements on companies, so it is important to be aware of the specific requirements that apply to your company.

By understanding the CSRD and other regulations that affect corporate sustainability reporting, companies can ensure that they are compliant and that they are providing investors, customers, and other stakeholders with the information they need to make informed decisions.