The Corporate Sustainability Reporting Directive (CSRD) is set to become an essential standard for companies from 2024, completely reorganizing their approach to ESG (Environment, Social, Governance) reporting. Faced with the complexity of this directive, it can be difficult to know how to prioritize your actions?
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To guide companies through this transition, Focustribes has organized a webinar hosted by :
Gabriel Douillet, Community Member and Senior Sustainability Consultant | Transformation Manager | CSR Transition Manager.
Mathias Sorez, CEO and co-founder of Focustribes, heads up the CSRD service offering at Focustribes.
One of the founding principles of the CSRD is the notion of double materiality, which represents an innovative approach to corporate reporting. This concept requires you to examine both :
This assesses the direct impact of a company's activities on the environment, society and external stakeholders.
This examines how external factors such as climate, regulations or social change influence a company's financial performance.
In our webinar, Mathias Sorez will explain how your teams can effectively identify these two dimensions of materiality, by implementing analysis processes adapted to CSRD requirements. The aim is to simplify this process, by providing you with tools to map your activities and prioritize the issues that matter most to your company.
Thegap analysis is an essential step in assessing your level of compliance with the new obligations imposed by the CSRD. It involves comparing the requirements of the European Sustainability Reporting Standards (ESRS), which contain over 1178 data points, with the reporting practices already in place at your company.
During the webinar, we discussed how to carry out this gap analysis in a structured way. Mathias Sorez showed how to identify gaps in your ESG data collection processes and how to structure an action plan to fill them. Whether you need to integrate new indicators or strengthen your data management systems, the gap analysis will enable you to define a clear roadmap towards compliance.
To prepare for CSRD, it's crucial to understand dual materiality and implement a rigorous gap analysis. These two steps are the foundations on which any CSRD compliance process rests. Not only do they enable you to meet legal requirements, they also position your company as a responsible player when it comes to sustainability.
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