On October 4th, Ellie Connect hosted another successful Breakfast Event, at Vandewiele, a Belgian textile machine manufacturer and global market leader in the design and manufacturing of high-tech machines and solutions for the textile industry. A group of professionals from various industries gathered to discuss the theme “Taking the first steps in CSRD” (Corporate Sustainability Reporting Directive). The morning kicked off with networking over breakfast, where participants exchanged initial thoughts on sustainability, setting the stage for a productive session ahead.
Understanding the CSRD: Framing the Discussion
The session opened with a comprehensive overview of CSRD, a European directive designed to standardize and mandate sustainability reporting. It builds upon voluntary frameworks like ISO 26000 and the Sustainable Development Goals (SDGs), now making Environmental, Social, and Governance (ESG) reporting compulsory for larger companies starting in 2026. Participants explored key concepts such as double materiality (measuring both business impact on the environment and vice versa) and the European Sustainability Reporting Standards (ESRS).
The First Challenge: Crafting a CSRD Strategy
The first major challenge discussed was how to begin crafting an effective CSRD strategy. For companies impacted by the directive, it’s essential to build a core team, conduct context analysis, map stakeholders and develop a multi-year plan. For businesses in the supply chain, although not yet required to report, they too must prepare by beginning to map out their own sustainability efforts and understanding stakeholder expectations.
The Second Challenge: Transparency and Data
Transparency emerged as a key hurdle. Companies need to gather data from suppliers who may be reluctant to share due to concerns over intellectual property or a lack of established processes. The group emphasized the importance of fostering collaborative relationships with suppliers/partners and ensuring consistent data collection. Standardizing communication and utilizing digital tools were highlighted as essential strategies to streamline reporting and improve data accuracy.
The Third Challenge: Employee and Customer Engagement
Engaging employees and customers in the CSRD journey is critical. Sustainability reporting cannot rest on the shoulders of one individual—it requires collaboration across departments. Workshops, training and transparent communication were suggested as ways to increase internal and external engagement, making the sustainability journey a shared effort.
Conclusion: CSRD as a Catalyst for Change
While the CSRD presents challenges, it also offers significant opportunities. By complying with these standards, companies can enhance their transparency, attract investors, and strengthen customer loyalty. For those already committed to sustainability, the directive serves as a tool to formalize and promote their efforts, positioning them as leaders in their sectors.
As the event concluded, it was clear that the CSRD will play a pivotal role in shaping the future of sustainability reporting across Europe. For Ellie members, this is not just a regulatory hurdle, but a chance to lead the way towards a more sustainable future.
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