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#193 Understanding ESG Reporting – CSDDD

The ISO Show

Release Date: 10/09/2024

#237 Gap Analysis – The First Step In ISO Implementation show art #237 Gap Analysis – The First Step In ISO Implementation

The ISO Show

When embarking on your ISO journey, a crucial first step is evaluating your current level of compliance and identifying what gaps need to be filled to gain certification or fully align with a Standard. This is typically done by conducting a Gap Analysis. This exercise sets the foundations for your ISO Implementation project, from setting key actions and objectives, to resourcing and establishing a project timeline.   In this episode, Ian Battersby dives into the purpose of a Gap Analysis, who should be involved in the exercise and what inputs and outputs you should expect to have from...

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#236 Taking Data Complexity From Spreadsheets To Supply Chains With Pulsora show art #236 Taking Data Complexity From Spreadsheets To Supply Chains With Pulsora

The ISO Show

One of the common pain points when calculating your carbon emissions is simply gathering the data. When collating data from different departments and suppliers, it can be easy to get overwhelmed. The struggle doesn’t stop there, as after obtaining all that data you have to find the best way to capture and display it in a way that’s useable for the necessary number crunching. Many will turn to an old favourite, spreadsheets, but these can quickly become very unwieldy and impractical if you’ve got a lot of data to process. Thankfully, there’s a lot of new tech and tools available to...

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#235 PUBLIC’s 3-Month Journey towards ISO 9001, ISO 14001 and ISO 20000-1 show art #235 PUBLIC’s 3-Month Journey towards ISO 9001, ISO 14001 and ISO 20000-1

The ISO Show

An ISO project can typically be completed within 6 – 12 months depending on an organisations size and complexity. Anyone who’s been through the process of ISO Implementation knows that there is a lot of work involved in that time span, from coordinating teams, gathering and creating documentation to auditing your processes. Now imagine doing that for 3 ISO Standards simultaneously within 3 months! Which is exactly what today’s guest, PUBLIC, have achieved. While it’s not a timeframe we recommend, their efforts deserve to be celebrated, and displays what good project management with...

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#234 Finding The Root Cause In ISO Management show art #234 Finding The Root Cause In ISO Management

The ISO Show

Continual Improvement is at the heart of ISO Management, a large part of which is dedicated to ensuring issues don’t reoccur. This is more than just putting a plaster on it and calling it a day, it’s about finding the root cause. This not only eliminates wasted time, effort and money with firefighting repeated mistakes, but also drives meaningful improvement. Over the years, many techniques have been developed to help with finding cause. In this episode, Ian Battersby explores the need to find the root cause of issues in ISO Management and explains some key techniques for root cause...

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#233 Clyde & Co Achieves ISO 50001 - Setting the Standard for Energy Management within the Legal Sector show art #233 Clyde & Co Achieves ISO 50001 - Setting the Standard for Energy Management within the Legal Sector

The ISO Show

When thinking of sectors that need effective energy management, the ones that typically come to mind include the likes of transportation and manufacturing. However, energy management is something that any business can benefit from. Such is the case with today’s feature, Clyde & Co, a global law firm who made the decision to Implement ISO 50001 energy management to tackle the largest part of their sustainability impact. In this episode, Ian Battersby is joined by Paul Barnacle, Head of Health, Safety, Security and Environment at Clyde & Co, to discuss their journey towards ISO...

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#232 Introducing BS 30480 Intervention, Prevention And Support For People Affected By Suicide show art #232 Introducing BS 30480 Intervention, Prevention And Support For People Affected By Suicide

The ISO Show

The topic of suicide is all too often a discussion avoided due to its tragic and uncomfortable nature. However, the reality is that there are 6,000 deaths by suicide in the UK each year, with in excess of 727,000 deaths annually worldwide.  In recent years there has been more awareness about the topic, with a range of resources targeted to help with the prevention and support of those affected. For businesses seeking further guidance, a new Standard is on the horizon. In this episode, Ian Battersby is joined by Marcus Long, Chief Executive at IIOA, who shares his inspirational story of...

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#231 Evaluating Compliance within ISO Management show art #231 Evaluating Compliance within ISO Management

The ISO Show

When stating ISO Management System ‘compliance’, that in reality means the conformance to ISO Standard requirements, compliance in ISO terminology actually refers to compliance with legal and other statutory regulations. It may sound like semantics, but the difference is distinct for a reason, as you don’t get a ‘non-compliance’ for not meeting requirements, rather you get a ‘non-conformity’. When it comes to compliance with the law as required by ISO Standards, you need more than a Legal Register to prove compliance. In this episode, Ian Battersby dives into what is meant by...

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#230 Driving ISO Implementation – Meet the Consultant: Anju Punetha show art #230 Driving ISO Implementation – Meet the Consultant: Anju Punetha

The ISO Show

How often have you heard someone say they aspire to be an ISO consultant? Likely not at all! That’s not surprising as it’s quite a niche world to find yourself in, yet despite that, there are still thousands of ISO professionals worldwide. We’re continuing with our latest mini-series where we introduce members of our team, to explore how they fell into the world of ISO and discuss the common challenges they face while helping clients achieve ISO certification.   In this episode we introduce Anju Punetha, a QHSE Consultant at Blackmores, to share the journey of how she...

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#229 From Platform To Proof – How To Tackle Your Scope 3 Emissions show art #229 From Platform To Proof – How To Tackle Your Scope 3 Emissions

The ISO Show

One of the biggest challenges for those looking to achieve Net Zero is tackling scope 3 emissions, which are indirect emissions that typically reside in your supply chain. These can account for up to 70% of your total emissions and can be quite the undertaking to gather the necessary data to be able to complete your calculations needed for carbon verification. In the final episode of the Platform to Proof mini-series, we invite Jay Ruckelshaus, Co-Founder and Head of Policy and Partnerships at Gravity, back onto the podcast to explain how to tackle scope 3 emissions, how it works in...

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#228 From Platform To Proof – How Carbon Accounting Software and Verification Combine for Carbon Compliance show art #228 From Platform To Proof – How Carbon Accounting Software and Verification Combine for Carbon Compliance

The ISO Show

As the sustainability crisis grows more pressing each passing year, companies are increasingly being required to comply with various sustainability regulations and legislation, most of which include the need to monitor and verify your carbon emissions. Calculating these carbon emissions can be tricky, especially if you have a lot of sites or international locations that require conversions. This is where dedicated carbon accounting software can save you a lot of headache! In the second episode of the Platform to Proof mini-series, we invite Jay Ruckelshaus, Co-Founder and Head of Policy and...

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More Episodes

Did you know that only a third of the emissions reductions required to achieve the country’s 2030 target are currently covered by credible plans?

As a result, we can expect to see more mandatory and voluntary regulations that require carbon emissions reporting to verify your ESG and net zero claims.

In this episode, Mel closes out the ESG Reporting Disclosures series by explaining what Corporate Sustainability Due Diligence Directive (CSDDD) is, it’s key emissions reporting requirements, the verification requirements and who qualifies for CSDDD.

You’ll learn

·      What is CSRD?

·      Key requirements of CSDDD

·      Key emissions reporting requirements

·      the emissions verification requirements for CSRD?

·      Who qualifies for CSDDD?

·      The likely impact of CSDDD

 

Resources

·      Carbonology

·      Carbonology LinkedIn

·       Carbonology Instagram

·       CSDDD

 

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:10] Episode summary: Mel closes out the series on ESG reporting requirements by diving into CSDDD.

[03:10] What is CSDDD? – The Corporate Sustainability Due Diligence Directive (CSDDD) is a new EU directive that promotes sustainable and responsible corporate behaviour in companies’ operations and across their global value chains.

Purpose: It aims to promote sustainable business practices, protect human rights, and address environmental challenges.

The CSDDD was adopted by the European Commission on the 23rd of February 2022 and approved by the Council of the European Union on the 24th of May 2024. The new rules ensure that companies in scope identify and address adverse human rights and environmental impacts of their actions inside and outside Europe. The CSDDD is expected to start affecting companies from 2027 at the earliest once the directive has been transposed into national legislation.

[05:10] What are the key requirements of CSDDD?:

·      Human rights due diligence: Companies must identify, prevent, and mitigate adverse human rights impacts within their value chains.

·      Environmental due diligence: They must assess and manage risks related to climate change, biodiversity loss, and pollution.

·      Disclosure obligations: Companies must disclose their due diligence processes, findings, and any remedial actions taken.

[06:20] What are the Emissions Reporting Requirements? Under the CSDDDD, companies are required to report on their greenhouse gas (GHG) emissions within a climate transition plan.

This includes considerations for Scope 1, 2 and 3. These were explained in more detail in a previous episode on CSRD, so go check that out if you want to learn more about the individual scope requirements.

What if you fit the requirements of both CSRD and CSDDD, do you have to double report on emissions? In short – No!

The climate transition plan required by the CSDDD will be reported within CSRD reporting, as organisations just need to adhere to the CSDDD’s implementation requirements for the transition plan.

[10:10] What are the Emissions Verification Requirements? More definitive guidance on verification requirements is expected closer to 2027. Companies will more than likely need to verify the emissions data reported through CSDDD, as the directive mandates a climate change transition plan that aligns with the Corporate Sustainability Reporting Directive (CSRD), which does require companies to verify their emissions data.

[09:55] Who qualifies for CSDDD? The Corporate Sustainability Due Diligence Directive (CSDDD) applies to both EU and non-EU companies depending on their workforce size and revenue:

EU and non-EU companies (or the ultimate parent company of a group):

 

·      With more than 1,000 employees and a global net turnover of at least €450 million in the last fiscal year; or

·      Which have franchising or licensing agreements in the EU in return for royalties with more than €22.5 million generated by royalties in the EU and have a net worldwide turnover of over €80 million in the last financial year.

[11:10] What is the possible impact of this new directive? Similar to the other ESG disclosures I’ve covered over the past few weeks in this series on reporting disclosures, the impact of the CSDDD will result in 3 key impacts:-

·      Increased transparency: This directive will provide stakeholders with a clearer picture of companies' sustainability efforts, to combat greenwashing.

·      Enhanced accountability: Companies will be held accountable for their environmental and social performance.

·      Stimulation of sustainable business practices: The directive will encourage companies to adopt more sustainable practices, including regular reporting.

If you would like to learn more about CSDDD or inquire about the related course, please get in touch with Carbonology.

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