Defining CSRD Benchmarks: An AI-Driven Global Analysis

December 12, 2024 08:15 AM AEDT | By 3BL

Google News:

Defining CSRD Benchmarks: An AI-Driven Global Analysis — Image source: Kalkine Media

Recent News

Kalkine: Treasury Wine Estates Pours $15M into Barossa Facility to Exp...

Kalkine: Heavy Minerals’ Garnet Ambitions Set to Shine in ASX200 Lands...

Is Simonds Group (ASX:SIO) Undervalued in the ASX200 Landscape Despite...

Kalkine: Insider Moves at Alma Metals (ASX:ALM) Spark Renewed Interest

Nasdaq

This Nasdaq report provides a global view into company readiness for the Corporate Sustainability and Reporting Directive (CSRD). The goal is to uncover trends across sectors, geographic regions, and market cap bands to help companies understand CSRD readiness and compare efforts with peers.

Ready or Not… Here Comes CSRD

Beginning on January 1, 2025, many large companies will be required to report to the EU’s CSRD based on the 2024 financial year. With that in mind, we leveraged Nasdaq’s AI-powered research and benchmarking solution, Nasdaq Sustainable Lens®, to analyze 8.7K global companies, 161K+ company documents, and 8.3M+ CSRD disclosure requirement data points.[1] As you assess your value chain reporting capabilities and evaluate measurement systems, consider reviewing the data and analysis provided in this report.

Key Takeaways

1. Supply chain heavy sectors are leading the sprint to CSRD readiness. CSRD readiness across all observed companies stands at 12.9%, with Basic Materials, Consumer Non-Cyclicals, and Industrials sectors leading the sprint to readiness.

2. First required reporters in Europe make early strides. European regions show the highest readiness across more than 2,000 companies, demonstrating early preparation for CSRD requirements.

3. Global sector benchmarks provide an early look at possible material areas. Companies may be able to use sector aggregate views in existing sustainability reports as a guide to pressure test their double materiality assessments.

4. Direct control areas show promising readiness. Companies show higher readiness in areas they directly control, including G1 Business Conduct, S1 Own Workforce, and E1 Climate Change.

5. There is an opportunity to lead with actions, not just words. Meeting ESRS granular requirements isn’t just about establishing strong governance structures and social and climate policies, it also means establishing clear measurements, actions, and targets.

Click here to download the full report

_{[1] Annual Reports, Sustainability Reports, Climate Reports, Social Documents, SEC filings, Policy documents, Governance documents, CDP Reports, sustainability data tables & framework indices as of 11/08/2024}

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.