It’s going to have massive impact in the coming years.” They have to supply audited metrics and explain. Investors and other stakeholders, he says, “will be able to do big, detailed comparisons. They won’t want to be seen as laggards and will aim to be more carbon efficient with their business travel.”īruce Bolger, founder of Enterprise Engagement Alliance, a thinktank advising companies on stakeholder engagement, agrees that CSRD is a watershed. Companies will feel they have to be average or below average. “You will be judged on your carbon intensity. Will that put pressure on companies to reduce travel emissions more vigorously? “Definitely,” replies Thorsen. “Just one number allows for instant benchmarking of carbon emissions, so it will be hard to hide.” “There is just one line in the reporting for business travel emissions,” says Spotnana vice-president for strategy and partnerships Johnny Thorsen. For the first mandatory disclosures, covering the year 2024 and which must be submitted in 2025, companies will have to state their business travel emissions, plus a statement of their targets for business travel for 2025, 20 (although companies with fewer than 750 employees can omit Scope 3 reporting for Year 1). One of those specified significant line items is business travel. Reporting must also be audited externally and include information on ESG activities of the enterprise’s supply chain.Īmong the 1,144 data points companies must disclose publicly using defined European Sustainability Reporting Standards is a section on climate change that includes a breakdown of “significant” Scope 3 indirect emissions. I accept the Terms and Conditions and Privacy Policy.ĬSRD vastly increases the burden on companies to report on the environmental, social and governance impact of their activities (and how, in turn, climate change affects their business – so-called double materiality).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |