Sustainability is rapidly becoming an increasingly important factor to keep the world liveable and to remain relevant as a company. Transparency and continuous improvement are becoming the new standard. The CSRD (Corporate Sustainability Reporting Directive) will play an important role in this.
On this page you will find basic information about CSRD and how GTC+ can help you make the right choices towards a future-proof company. What sustainability risks does your company have, what concrete long-term goals and action plans must be established.
What is CSRD?
CSRD is an EU directive and aims to provide companies and their supply chain with insight into their impact on their environment (world) and the impact of the environment (world) on the company. The impacts focus on the environmental, social and governance themes and can be both negative and positive. The CSRD is also about continuous improvement by preventing, stopping or reducing negative impacts and further developing positive impacts.
In addition, the CSRD regulation aims to ensure that companies and supply chains report fully transparently on these impacts and that they are accountable to all stakeholders on various sustainability aspects. The report will become a mandatory part of the annual financial report.
CSRD aims to stimulate the transition to a more sustainable production of products and goods and thereby create a positive environmental and social impact on a global scale. This is achieved through mandatory transparency about the social and environmental impact of companies and their supply chains. In addition, the CSRD encourages continuous improvement management to bring about these changes. In addition, the CSRD includes the identification of risks and opportunities. These actions create incentives for companies to develop better sustainability strategies..
Working method CSRD
CSRD's working method can be seen as a continuous improvement system (see picture). It is therefore good method to set, monitor your own goals and benchmark these with other companies. It also offers a company the opportunity to distinguish itself and create an advantage.
Important parts of CSRD
- Dual materiality approach
- Sustainability included in management reporting
- Process to select the relevant topics among stakeholders
- Forward-looking information (eg targets and progress)
Everyone will be affected
The CSRD requires the attention and capacity of the various organizations that have to report and the preparation time before the first report has to be ready is relatively short. In addition, it will also affect all (other) organizations in organizations in the supply chain (up and downstream). They have to share information with the companies that have to report. CSRD will therefore have a major impact on all companies in the supply chain.
Many organizations in the horticultural sector are not aware of the impact of these new regulations or are struggling with preparation and implementation. GTC+ has developed various services to give you a better insight into what CSRD is, what the impact is for your organization and how you can get started with it. With this service you are guided step by step through the complexity of the CSRD. From informing, to the first implementation, to annual maintenance. But also training, digital tools and formats.
Click on the following URLs for more information:
- Terms and Definitions CSRD (protected with a password)
- Potential Impact Topics (protected with a password)
- Health check
- Improvement Programs