As the first CSRD reports are due in January 2025, see how ConsciESG can guide companies through navigating these changes:
1. Enhanced Disclosure Requirements:

Trend: The EU's Corporate Sustainability Reporting Directive (CSRD) now demands detailed reporting on both financial and impact materiality.
How ConsciESG Can Help:ConsciESG offers performance-based metrics that align with these new standards, ensuring your reporting is transparent and compliant. The platform allows you to set short, medium, and long-term ESG targets and enables your supply chain to report in a standardized format. This streamlined process ensures consistency and accuracy across your entire supply chain, facilitating comprehensive and compliant reporting.

2. Rise of Double Materiality:

Trend: Companies must now disclose both financially material sustainability issues and their broader impacts on society and the environment.
How ConsciESG Can Help: ConsciESG’s approach provides a comprehensive view of ESG factors, addressing both financial and external impacts in a dual-materiality framework.

3. Integration of Human Rights and Environmental Due Diligence

Trend: There is a growing emphasis on incorporating human rights and environmental due diligence into ESG strategies.
How ConsciESG Can Help: ConsciESG includes thorough evaluations of human rights and environmental practices, helping you meet regulatory requirements and stakeholder expectations.

4. Emphasis on Climate Reporting and Private Markets

Trend: Climate reporting expectations are extending to supply chains and privately held companies.
How ConsciESG Can Help: ConsciESG provides detailed climate performance metrics and reports, facilitating effective climate disclosure across your supply chain.

5. Challenges of Data Quality and Greenwashing

Trend: Issues with data quality and greenwashing continue to pose challenges.
How ConsciESG Can Help: ConsciESG’s focus on performance and progress helps mitigate greenwashing risks and ensures the accuracy and credibility of your ESG data.

In response to the evolving ESG landscape of 2024, ConsciESG provides essential support by aligning with enhanced disclosure requirements, embracing double materiality, integrating due diligence, complying with climate reporting standards, and addressing data quality challenges. With ConsciESG, you can navigate these changes effectively and advance your ESG strategy with confidence.