SUSTAINABILITY
T
he need for organisations to incorporate transparency and traceability into their supply chains has assumed heightened importance in today ’ s more environmentally and socially conscious world .
Demand is coming from all angles , including both internal and external stakeholders , while increasingly stringent regulations are driving a more intense ESG agenda .
For an example of the latter , one need look no further than the Corporate Sustainability Reporting Directive ( CSRD ) introduced by the European Union in 2023 .
It has prompted a seismic shift in sustainability reporting , setting new standards and requirements for companies to disclose information on their ESG impacts , risks and opportunities .
This kind of legislation – and there are countless ESG-related regulations emerging – is perceived as being key to enhancing future transparency and driving corporate change across climate change , human rights , circular economy , gender equality , microplastics and more .
Across the EU , the CSRD has greatly increased the volume and rigour of disclosure , while mandating external assurance to increase trust and comparability .
“ Regulations like the CSRD and the underlying European Sustainability Reporting Standards ( ESRS ) are
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