• With the first reports under the CSRD and ESRS due in 2025, the CSR Europe Atelier “Reporting on Social Performance” is delivering practical insights to develop and implement more impactful and transparent reporting practices.

• Corporate members are invited to the next Atelier session on “Safeguarding Consumers & Combatting Greenwashing”, taking place online on 6 June.

Sustainability reporting has long been a crucial tool for businesses to communicate their Environmental, Social, and Governance (ESG) efforts to stakeholders. While environmental aspects have often taken centre stage, attention to social issues is steadily intensifying, driven by the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS).

To aid multinational companies in embracing the new requiremetns, CSR Europe is currently delivering the Atelier series "Reporting on Social Performance" to its corporate members. The inaugural session, held at the CSR Eurpe headquarters in Brussels on 24 April, delved into how companies can measure and report on social impact.

Marc Basel, Sustainable Finance Policy Expert at the European Association of Public Banks (EAPB) opened the session addressing the growing relevance of the social dimension of sustainability. Elisabeth Trouvain and Marie Falk, respectively Sustainability Reporting Manager and Technical Manager at EFRAG, provided practical insights into the business impact of the four social standards outlined in the European Sustainability Reporting Standards: Own Workforce; Workers in the Value Chain; Affected Communities; User & End Users. Participating companies had the opportunity to engage with the speakers, sharing their approaches, challenges, and opportunities arising the reporting exercise like for instance the qualitative nature of ESRS and the focus of the standards only on B-to-C companies.

In the second segment of the event, Lonneke Roza, Head of Community Investment at NN Group, and Clodagh Connolly and Andreas Schottlaender, respectively Global Director and Managing Consultant at Business For Societal Impact focused instead on giving practical guidance for integrating community investment practices into businesses’ sustainability strategies.

With the first reports under the CSRD and ESRS due in 2025, the Atelier series "Reporting on Social Performance" provides a timely platform for companies to engage with key stakeholders and peers, and gain practical insights to develop and implement more impactful and transparent reporting practices.

The next Atelier session will focus on Corporate Transparency for Social Impact: Safeguarding Consumers & Combatting Greenwashing.  The event is open to corporate members and will take place online on 6 June. Register here. 

As mentioned by one of the speakers at the opening session: “the reporting exercise must not be seen by companies as a risk, but rather as an opportunity to develop skills that are essential for the future of business and provide a competitive advantage to companies that move faster”.

For more information:

Spyros Perikleous

Senior Project Manager

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