Webinar: your guide to the Corporate Sustainability Reporting Directive
The Corporate Sustainability Reporting Directive (CSRD) will change the way Chief People Officers approach tackling racism, discrimination, diversity, equity and inclusion (DEI) and human rights violations. HR teams will need to compile extensive reports and the consequences for non-compliance could be severe, yet many businesses are not aware of these new requirements – let alone how to deal with them.
Our webinar with Shereen Daniels, Managing Director of HR rewired, explained the CSRD regulations and how they relate to HR. Focusing on the S1 Own Workforce, Shereen talked about the practical steps you need to take to prepare your HR team and the business, including:
- How social issues are now being treated as business risks: where this comes from and why it’s changing the premise of what it means to be a responsible business.
- How CSRD regulations are expanding the scope of corporate reporting to encompass social issues, including racial equity, DEI, and human rights: what this means in real terms and why it matters.
- How to navigate politicised environments with sensitivity and strategic foresight: practical tips on how to avoid costly mistakes that can result in damaging your brands reputation.
- Preparing for CSRD reporting: what needs to be the priority areas of focus and why
About the CSRD
What is it?
The CSRD brings sustainability reporting in line with financial reporting. The new framework will be rolled out in a phased approach from 2024. It will require companies to report on how sustainability issues, such as climate change and discrimination, impact their business and how their operations in turn affect people and the planet.
who needs to comply?
If your business meets the following criteria, you will be required to comply with the CSRD:
- You are a large company with headquarters in the EU. The CSRD classifies a large company as one meeting two of these three criteria: more than 250 employees, a turnover of over €40 million and over €20m total assets
- You are a listed SME (although there will be a transitional period where SMEs can opt out until 2028)
- You are a non-EU headquartered company with a turnover of over of €150 million in the EU, an EU branch with net revenue exceeding €40 million, or an EU subsidiary that meets the definition of a large company
MEET YOUr speaker
Shereen Daniels
Managing Director
HR rewired
An influential advisor and HR strategist, Shereen has a specialist expertise in anti-racism and racial equity.
With over 10,000 copies sold as the bestselling author of The Anti-Racist Organization: Dismantling Systemic Racism in the Workplace (Wiley, 2022), her direct yet compassionate approach has seen her twice recognised as a LinkedIn Top Voice (with overly 100,000 followers), a former winner of HR Magazine’s Most Influential Thinker in 2021 and included in Human Resources Director Global 100 HR leaders list in 2023.
With a deep recognition of the complex social, economic, and political contexts in which corporations currently operate, Shereen, as Managing Director of award-winning HR advisory firm HR rewired, and her team have partnered with well-known corporate and non-profit organizations supporting them to delve deeper into examining the way that racism manifests itself within a business environment and co-create impactful actions that are measurable and seamlessly integrate into an organizations wider sustainability and growth agenda.
Shereen is also a Senior Advisor for PR and reputation management board Lansons and sits on the external DEI board for L’Oreal (UK).
MEET YOUr HOST
Nick croucher
Partner | Head of UK and Ireland
Frazer Jones
nickcroucher@frazerjones.com
Connect on LinkedIn