5 Ways to Turn CSRD Compliance Into a Competitive Advantage: Insights from HowGood
Changes like having your CFO lead CSRD reporting could help your business gain an edge, as HowGood explained in a recent webinar.
At first glance, the EU's Corporate Sustainability Reporting Directive (CSRD) might seem like an administrative burden best left to compliance teams to figure out. However, the internal analysis and subsequent reporting can be turned into a competitive advantage with a few strategic shifts.
"The foundation of CSRD compliance is the double materiality assessment, which asks companies to consider the impacts along with the risks and opportunities associated with a range of ESG-related issues," explains Matthew Gardner, Ph.D, managing partner, Sustainserv, a sustainability consultancy.
"Because companies should consider these topics from the perspective of where they have impacts on the world and which of them represent an actual or potential financial impact on their business, companies now have some important ingredients for a solid ESG and business strategy," he adds.
To get the most out of CSRD compliance and act on those uncovered risks and opportunities, consider the following five ways to reframe your approach, as shared in a recent webinar by HowGood, a sustainability research and SaaS provider in the food industry: