Tag: Greenomy

The CSRD aims to elevate and standardise sustainability disclosures for companies both within and outside the EU that operate across Europe.

In the evolving landscape of corporate governance, sustainability reporting has transitioned from a regulatory requirement to a cornerstone of strategic business planning.

Effective stakeholder engagement is vital for adhering to the EU’s Corporate Sustainability Reporting Directive (CSRD).

The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies.

On January 5th, 2023, the CRSD was introduced, superseding the Non-Financial Reporting Directive (NFRD) and expanding its reporting requirements.

An ESG reporting strategy is paramount in managing the intricacies of frameworks like the CSRD, EU Taxonomy, and SFDR.

The Corporate Sustainability Reporting Directive (CSRD) represents a significant shift in corporate governance, requiring over 50,000 companies to disclose their sustainability practices transparently. This initiative aims to integrate sustainability into the strategic core of businesses, enhancing transparency across the European Union.

As the Corporate Sustainability Reporting Directive (CSRD) and EU Taxonomy gain momentum, companies are prioritising their ESG reporting strategy. Central to this strategy is the creation of a robust, cross-functional ESG reporting team, essential for seamless compliance and leveraging the report as a strategic tool for enhancing overall sustainability.

Environmental concerns are increasingly pivotal, leading businesses globally to focus on carbon emissions accounting. The CSRD's recent standards mandate more rigorous, transparent carbon accounting practices. ESG FinTech company Greenomy recently delved into carbon accounting's essence and its connection with ESRS requirements. It also highlighted traditional carbon accounting challenges and how companies can align with these new standards.

Greenomy recently went into detail on describing Artemis, its comprehensive AI advisor, which it claims helps revolutionise the compliance journey.