The EU Corporate Sustainability Reporting Directive (CSRD) aims to improve and standardize sustainability reporting across the EU, ensuring more consistent and comparable corporate disclosures. This directive requires companies to provide detailed information on their sustainability practices, including environmental, social, and governance (ESG) factors. For procurement and supply chain professionals, understanding the CSRD is crucial as it impacts how companies report on and manage their sustainability efforts. Compliance with the CSRD enhances transparency, supports informed decision-making by investors and other stakeholders, and helps companies align with EU sustainability goals. It also encourages companies to integrate ESG considerations into their business strategies and operations, promoting long-term value creation and sustainable development.

For more detailed information, visit the Climate Disclosure Standards Board.