Even if your company is not directly under the regulatory requirements of #CSRD, you can't afford to wait on maturing your #ESG program. Your competitors, investors & other companies in your value chain are not waiting. Having & disclosing this data is becoming industry standard.

-Corporate Sustainability Reporting Directive (#CSRD) establishes THAT some EU companies and companies doing business in the EU need to make #ESG disclosures. -European Financial Reporting Advisory Group (#EFRAG) develops the ESRSs defining WHAT they need to disclose.

For the final session today of the @VelocityEHS #ESGVirtualConference, we're diving now into "The Corporate Sustainability Reporting Directive (CSRD) and European Financial Reporting Advisory Group (EFRAG) Standards." #CSRD #EFRAG

Insights you can gain from examining your #Scope3GHG data will change how you do business with suppliers. It can create new ideas and influence your #ESG strategy for reducing emissions. #GHG #sustainability

Utilize a #materialityassessment to get a better understanding of the #ESG priorities of your stakeholders, beyond just regulatory requirements. That way your program strategy meets the needs of the business.

If you're not yet reporting on #Scope3GHG, you will be soon. There's a continued push for #GHGreporting because of regulatory requirements, with more coming. #sustainability #ESG #ESGreporting

Tracking some #GHGs are a higher priority than others based on your requirements and stakeholders. Access to reliable, reproduceable information is a challenge but also a necessity. #ESGreporting #ESG #ESGVirtualConference

#Scope3GHG are emissions from sources in your value chain that your company does not own. There are many challenges that come when collecting this #GHGdata. #GHG #GHGreporting

If you haven't yet registered for today's ongoing ESG Virtual Conference, you can still catch the last two sessions by signing up here, or catch it on demand later: ehs.com/events/esg-virtual-c…

Up next at the @VelocityEHS #ESGVirtualConference, Mastering Scope 3 Greenhouse Gas Disclosures: Value Chain. #ESG #GHG

It's time for Session 3, "Ensuring Future-Ready ESG Software Implementations" at the @velocityehs #ESGVirtualConference!

Have questions about #ESG, what it means for your business, or on the various reporting frameworks? Visit our regularly-updated resource center, #ESGCentral: ehs.com/esg-central/?utm_sou…

To help facilitate better #ESGdata, invest in technology and automation. Integrate your #ESG & financial data for your reporting. #ESGVirtualConference #sustainability #ESGInvesting

When it comes to #ESGdata, strategy should lead reporting - or your data will have little value. Understand why you're doing what you're doing. Stakeholders will define value differently, so you must report with their priorities in mind to make an impact on the business. #ESG

#ESG and #sustainability needs to break free of #carbontunnelvision and look at the broader impact of business on ecosystems. Nature & #biodiversity is entering the ESG discussion, along with #justtransition & adaptation. #ESGVirtualConference #COP27

One challenge with #ESGdata is that data collection is being performed by #ESGprofessionals, often inefficiently. This also takes their focus away from performance management. ESG & financial teams need to work together for more effective data gathering, analysis & reporting.

Standardization within #ESG is critical. It's currently imperfect but moving in the right direction. Reporting frameworks such as the EU's #CSRD and the #ISSB are working toward this standardization. #ESGdata #investorgradedata #sustainability

Tracking #sustainability at businesses isn't new. What's new is that #ESGdata is being used by investors. The accuracy of the #data is under significant scrutiny. If it's not accurate, it will be ignored. #InvestorGradeData #ESG #ESGinvesting

For #ESGData to be useful, it must be reliable & comparable. For it to be useful, you must be able to assess it against established thresholds. Before you can manage your performance, you first need to effectively measure it. #ESG #ESGVirtualConference #sustainability