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As previously seen on the CSRHub blog.
By Bahar Gidwani
The EU has announced that it will ask most companies that do business in Europe to comply with its Corporate Sustainability Reporting Directive (CSRD). The exact timing of when this law will be put in force and who will be covered has been changing. The list of indicators that must be reported is also changing. But, the general direction is clear—the EU wants companies who operate within its borders to capture and report sustainability information so that they can be evaluated based on their social performance.
The EU recently released an Omnibus revision to CSRD. This is only a proposed set of changes—but they are extensive. This article from Silver Regulatory Associates gives a nice summary of what may change for both CSRD and for several other EU regulatory schemes.
CSRHub’s Contribution: The CSRD Readiness Calculator
CSRHub’s contribution to this process has been to build a CSRD Readiness Calculator that ties CSRHub’s outside-in measures of social performance to CSRD’s 35 top-level topics. This Calculator will launch soon with both a free trial and professional version.
CSRHub produces comparable measures of social performance for virtually every large company and organization in the world. CSRHub ratings are based on a broad range of sources, so it can provide a stable, fair base for scores for each CSRD topic.
Bahar Gidwani is CTO and Co-founder of CSRHub. He has built and run large technology-based businesses for many years. Bahar holds a CFA, worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. Bahar has consulted to a number of major companies and currently serves on the board of several software and Web companies. He has an MBA from Harvard Business School and an undergraduate degree in physics and astronomy. He plays bridge, races sailboats, and is based in New York City.
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 57,528 public and private companies, and provides ESG performance scores on over 38,833 companies from 134 industries in 156 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 967 sources to produce a strong consensus signal on corporate sustainability performance. Interested in learning more about CSRHub? Click here.
