Highberg’s Post

The Challenges and Opportunities for SMEs in Sustainability Reporting? ⬇️ This year, around 3,000 large listed dutch companies have to report on their impact on people and the environment due to the introduction of the European Corporate Sustainability Reporting Directive (#CSRD). But these companies also have to report the impact of their entire chain, which includes suppliers made up of many small and medium-sized enterprises. 🏭 This means CSRD indirectly applies to 103,000 SMEs in the Netherlands according to ABN AMRO Bank N.V. survey, which will have to indirectly deal with the stricter rules. And because more and more companies will be directly affected by CSRD over the next three years, the number of SMEs that will be indirectly affected will be likely even higher. 📈   SMEs ARE UNAWARE 🤯 The majority of entrepreneurs are not yet aware of the new rules. Two-thirds say they have never even heard of it, which is quite “remarkable”, according to experts at ABN Amro because of the impact that it will have on them.   WHY SHOULD SMEs BE CONCERNED? 🤔 If smaller companies acting as suppliers are unable to provide information that large companies (their customers) request, or cannot provide them sufficiently, this will ultimately damage SMEs’ competitive position…”companies are then forced out of the market if they can't provide sustainability reports” and companies that can provide the requested information will have a competitive advantage, according to Paul Bisschop.   🗣️ Edwin van Scherrenburg, spokesperson for @MKB-Nederland calls it “an undeniable advantage” if an SME can already get a good picture of its impact in the field of sustainability. If not, then its future will be difficult.   🗣️ Joost Beaumont, head of Bank Research at ABN Amro thinks there is certainly an incentive for smaller companies to start working with CSRD now.   🗣️ Dirk Mulder, trade & retail specialist at ING Nederland says the stricter sustainability rules will also be felt in the retail sector…“the administrative burden associated with it will be difficult to bear” and claims that certain customers might no longer want to do business with some SMEs if they don’t “provide certain information”.   FUTURE 🔭 An even more far-reaching European directive is on the way: the Corporate Sustainability Due Diligence Directive (CSDDD), making companies responsible for the conditions in the chain, both socially and environmentally. Whether you are directly or indirectly affected by CSRD, Good Growth Collective guarantees your company maximizes the numerous opportunities arising from this sustainability legislation to further advance your business operations and ensure your company is at the forefront of the new era of sustainability. We do that through delivering situation-specific sustainability solutions and ensuring their effective implementation and communication. 🚀 Good Growth Collective, where sustainability becomes reality ✅ #sustainabilityconsulting #csddd

A new Dutch cabinet is near. What does the future of corporate sustainability look like in this new political era? Our whitepaper is worth a read! 📑 Eli Schim van der Loeff Flip Dötsch Marjolein Rigter

Want to know more about the impact of the Corporate Sustainability Due Diligence Directive (#CSDD) on European companies? Join Nicole van Deventer, Global Procurement Director at Cegeka, and Corentin Dandrimont, Manager Sustainability at KPMG Belgium, as they discuss the implications and opportunities of this new directive in detail. Read the full article here In Dutch 👉 https://lnkd.in/eEzYt_B9 In French 👉 https://lnkd.in/eCuRwa54 #InCloseCooperation #CorporateSustainabilityDueDiligenceDirective #ESG

❌ ❌ ❌ Belgium missed the deadline to implement the European CSRD, leaving companies uncertain about sustainability reporting requirements. Voka advises sticking to the EU reporting deadlines - 2025 or 2026 depending on company size. A study revealed: - 70% of companies lack an ESG strategy due to budget and time constraints. - Shockingly, 80% have no idea about the CSRD guideline's impact. ❎ The good news is it's not too late! Explore our ESG hub at https://lnkd.in/eaHiQhuu and reach out for more on our solution!

⚠️🚨Sustainability Reporting at Risk Due to Shortage of Experts 👉 The Problem ❗️ While large corporations are already actively engaged in collecting data to comply with the new European requirements for sustainability reporting, the tightened regulations remain a black box for most small and medium-sized enterprises (SMEs). While only a few dozen SMEs fall directly under the EU directive, a much larger number will be affected. The Corporate Sustainability Reporting Directive (CSRD) requires companies to assess their environmental and social impact, necessitating them to seek information from suppliers. Companies may lose customers if they cannot provide the necessary sustainability information. For many small businesses, it is difficult to provide good and complete sustainability information to customers and suppliers due to the shortage of specialists in this field. Large, well-known employees have an edge when it comes to attracting sustainability experts, as highlighted by Harco J. Leertouwer from Acre. Many SMEs are reluctant to allocate resources for a full-time position, as noted by Rob Steur from Robert Walters, and Emma Verheijke from Grant Thornton Netherlands. 👉 The Solution for Your Company ✅ At Good Growth Collective, we offer a unique blend of enthusiasm, creativity, and fresh ideas of our young professionals complemented by the knowledge, skills, and years of experience of our senior experts to address your organizational sustainability challenges. This approach ensures that your company can effectively tackle sustainability without the need for extensive incentives to attract top talent or the establishment of a separate team or division for setting up #CSRD processes. Fill out the form on our profile 📋👆 or send us an email at [email protected] and we will address the talent shortage for you. 🤝 Good Growth Collective, where sustainability becomes reality 🌿 Follow us for more interesting insights from the field of sustainability! #sustainabilityconsulting

The EU is adopting new laws to address greenwashing and social washing. 𝗧𝗵𝗲 𝗚𝗿𝗲𝗲𝗻 𝗖𝗹𝗮𝗶𝗺𝘀 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 is expected to be adopted at the beginning of 2025. In this article, our partner Crowell & Moring summarises what these laws exactly entail, how they will impact the event sector and what you can do to adequately prepare for them. Read the article: ▶ Dutch: https://lnkd.in/eyYSKKAC ▶ French: https://lnkd.in/eWbE5fiR

PT // Inês F. Neves e Joana Fraga Nunes assinam o artigo “Navigating the Void in the Portuguese Best Practices on Sustainability Agreements: Why Undertakings Get Lost in the Sauce”, publicado pela Wolters Kluwer no seu blog. Clique na imagem abaixo e leia o artigo. EN // Inês F. Neves and Joana Fraga Nunes are the authors of the article "Navigating the Void in the Portuguese Best Practices on Sustainability Agreements: Why Undertakings Get Lost in the Sauce", published by Wolters Kluwer on its blog. Click on the image below and read the article. #ml #moraisleitao #sustentabilidade #sustainability #esg

Excited to share our latest article on Operating Model Design and Sustainability! The importance and objectives of sustainability are increasingly evident. The journey ahead involves integrating sustainability into your organization's operating model. Dive into our insights and explore how you can make this pivotal shift! #OperatingModelDesign #Sustainability #BusinessTransformation

Many large companies will be well on their way to collecting the data necessary to comply with the Corporate Sustainability Reporting Directive (CSRD). Out of the environmental criteria under the EU’s CSRD, climate change requirements are likely to receive the greatest focus, as they will actively help the EU achieve its goal of carbon neutrality by 2050. Join our experts Matteo Ferrario and Pedro Fernandes for a masterclass hosted by MVO Nederland on using CSRD data to move beyond compliance to set science-based emissions reduction targets. The webinar will cover: 🎯 An overview of ESRS E1 climate change requirements 🎯 How to develop science-based targets 🎯 How to use your targets to develop your climate strategy, showing real life examples from the food and drink, and retail and apparel sector   Don’t miss it! Register below ⬇️

Great news! The Corporate Sustainability Due Diligence Directive (CSDDD) has been approved by EU ministers. Large companies must now take responsibility for human rights violations, exploitation, child labor, environmental pollution and climate damage in their production processes and supply chains. We are very proud to be at the forefront of sustainability and transparency. Our approach? Full insight and control over the origin, quality, sustainability, and pricing of your coffee product. Through the QR code on our packaging, customers can see exactly where their coffee comes from and how it was produced. ☕️ Marina d'Engelbronner-Kolff of ERM says, "Cooperation is the key. Companies need to collaborate with other sectors, governments, and NGOs to bring about real change." At FarmersDirect Coffee, we remain committed to ethical and sustainable practices and encourage other companies to do the same. We believe that transparency and collaboration are the way forward. By working together, we can not only improve markets but also contribute to a more sustainable world. 🌱 Read the entire article here: https://lnkd.in/eDxgteUP Opening up the coffee chain! Marina d'Engelbronner-Kolff #sustainableinvestment #openingupthecoffeechain #transparency #sustainable #coffeefarmers