A very relevant and timely article for companies preparing for their first disclosure under CSRD! While companies may be well prepared for certain topic areas, E2 - Pollution seems to be the one where significant effort is required to get ready to disclose environmental metrics that are assurance ready. Excellent work Linda-Jean Cockcroft Ramesh Narasimhan and Susan Angyal!
Many companies may mistakenly believe the EU’s Corporate Sustainability Reporting Directive’s (CSRD) Chemical Pollution requirements do not apply to them. However, the new disclosures cover both the direct and indirect use, through raw materials, of chemicals and minerals. Companies must act now to get ready since chemical pollution poses an equal, if not higher, risk than other sustainability topics. Our article “CSRD’s Chemical Pollution requirements are taking companies off-guard” identifies and explores eight steps companies must take to prepare: - Build and evolve an implementation plan - Undertake CSRD-aligned sampling and measurements - Deploy experts to develop mass balance calculations - Leverage existing company- and external databases for safety data sheets - Identify and use industry-specific public data - Create a sampling and testing plan to fill in gaps - Develop calculation methodologies for chemical emissions to air, water, and soil - Create an overall data management plan with strong governance and internal controls Access it here: https://lnkd.in/gJmnTrse #CSRD #Chemicalpollution #COP16 Ramesh Narasimhan Susan Angyal, Linda-Jean Cockcroft