After the Heat Comes the Labour Dispute
Comment by Vivianne Rau
News publ. 25. Apr 2023
As a business, it is often a challenge to keep up with the ever-growing demands in the area of sustainability reporting. Implementing the EU’s Corporate Sustainability Reporting Directive (CSRD) in particular can be complex and demanding. But now there is support from adelphi and the DFGE - Institute for Energy, Ecology and Economy. Together they have launched an initiative to help companies better understand and successfully implement the CSRD.
We are aware of the challenges that can come with implementing the CSRD. With our initiative and the resources provided, we want to support companies in better understanding these requirements and integrating them into their business practices.
- Daniel Weiß, Head of Programme Green Economy bei adelphi
The CSRD represents a critical step towards more transparency and accountability with regard to sustainability in corporate reporting. Businesses are required to measure, monitor and report on their environmental impact, social impact and governance practices. With the help of adelphi and DFGE, companies can now be better prepared to meet these requirements.
adelphi also helps companies navigate the jungle of reporting obligations and ESG regulations in other ways. For example, adelphi and Germany's Federal Environment Agency worked on a new publication that shows how companies can implement a climate risk assessment that meets the specifications of the EU taxonomy in the most legally secure and expedient way possible.
Companies that are required to report under the EU taxonomy must show to what extent their activities contribute to adaptation to climate change and are climate-resilient – within the company, but sometimes beyond as well. To this end, the EU taxonomy requires that companies carry out climate risk and vulnerability assessments and, based on this, plan and implement adaptation solutions if necessary. The analyses are necessary to prove that the respective company activity is actually “climate-adapted” or climate-resilient. The EU Taxonomy Regulation provides extensive specifications for the implementation of these analyses.