The European Union’s Corporate Sustainability Reporting Directive (CSRD)
The European Union’s Corporate Sustainability Reporting Directive (CSRD) raises the bar for corporate sustainability reporting, bringing a robust approach to how companies report their social and environmental impacts. Approximately 50,000 companies are affected by it and are now required to report in line with the European Sustainability Reporting Standards (ESRS), which encompass essential reporting and disclosure requirements.
Using WBCSD’s Circular Transition Indicators (CTI) Framework for Reporting
This paper, developed by KPMG and supported by WBCSD, explains how you can use WBCSD’s Circular Transition Indicators (CTI) framework to collect relevant information and insights for reporting on the new requirements. The paper focuses on reporting standard ESRS 5, which includes circular economy aspects such as resource consumption, waste generation, circular design and product life cycles.
The Power of CTI
CTI empowers you to take charge of your company’s circular journey. It is a quantitative framework for measuring circularity, enabling you to understand risks and opportunities, identify actionable steps to enhance circularity and quantify the impact of circular practices on climate and nature.
Explore the Paper
Explore the paper to learn how CTI can help you navigate the new reporting landscape in the EU.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 15: Life on Land
The article discusses the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the reporting requirements for companies. These requirements focus on social and environmental impacts, which align with SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action). Additionally, the article mentions circular economy aspects such as resource consumption and waste generation, which are connected to SDG 12. The impact of circular practices on climate and nature also relates to SDG 13 and SDG 15 (Life on Land).
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 12.6: Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle.
- Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
The article highlights the reporting requirements for companies under the CSRD, which aim to encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle. This aligns with Target 12.6 of SDG 12. Additionally, the article emphasizes the need for companies to understand the impact of circular practices on climate and nature, which relates to Target 13.3 of SDG 13.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Resource consumption
- Waste generation
- Circular design
- Product life cycles
- Impact of circular practices on climate and nature
The article mentions the European Sustainability Reporting Standards (ESRS) and the Circular Transition Indicators (CTI) framework developed by WBCSD. The CTI framework provides quantitative indicators for measuring circularity, including resource consumption, waste generation, circular design, product life cycles, and the impact of circular practices on climate and nature. These indicators can be used to measure progress towards the identified targets of SDG 12 and SDG 13.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 12: Responsible Consumption and Production | Target 12.6: Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle. | – Resource consumption – Waste generation – Circular design – Product life cycles |
| SDG 13: Climate Action | Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning. | – Impact of circular practices on climate and nature |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: wbcsd.org
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