Good Growth Collective
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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
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Jan Maarten Laurijssen
Supporting businesses in their sustainability journey. ESG | CSRD | LCA | Sustainability strategy
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Two out of three Dutch companies are unaware of the CSRD guideline to report on sustainability from 2024. With the introduction of the Corporate Sustainability Reporting Directive (CSRD), starting from January 1, 2024, both large and listed medium-sized companies are required to report on their sustainability performance.Although the directive directly affects only large and listed medium-sized companies, they partially rely on information from smaller suppliers and customers in the chain for their reports. However, the fact that two out of three companies are not aware of the directive indicates that this request for information has not yet sufficiently started.Download full report:https://lnkd.in/ee5r9cDE#csrd #sustainability #esgstrategy
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KRISTOF VANHERLE
Regional Director of Global Partners
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❌ ❌ ❌ 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!
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Good Growth Collective
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⚠️🚨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 info@goodgrowthcollective.com 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
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Francesco Morini
Director - Innovation presso CCH® Tagetik
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🌍📈 The integration of ESG (Environmental, Social & Governance) in business organizations is becoming increasingly important in today's world. [3] Companies are realizing the need to carefully balance risks and policies to pursue sustainable long-term value creation. [1] 🌱💼 [2]ESG encompasses a range of factors that businesses must consider, including environmental impact, social responsibility, and good governance practices. It's not just about ticking boxes or meeting regulatory requirements, but about creating a positive impact on society and the planet. 🌍🤝Companies are recognizing the value of incorporating ESG principles into their operations. It's not just about avoiding negative consequences, but also about creating value and seizing opportunities. ESG measures can enhance a company's reputation, attract investors, and foster long-term growth. 📈💡To successfully integrate ESG into their organizations, companies may need the support of an interim ESG professional. These professionals can help set up and implement ESG policies in a pragmatic way, working closely with internal stakeholders. By collaborating with experts, companies can ensure that their ESG efforts are effective and aligned with their overall business strategy. 🤝👥The rise of ESG in business operations is a global trend. Companies are being evaluated not only on their financial performance but also on their environmental impact, social responsibility, and governance practices. This shift reflects the growing importance of sustainability in the modern business landscape. 🌍📊Real estate companies are also tapping into the power of ESG. By adopting sustainable practices, they can make a positive difference in their communities and contribute to a greener future. ESG considerations are no longer seen as a burden but as a way to create value and drive innovation. 🏢🌱ESG ratings and assessments are becoming increasingly relevant for businesses. These evaluations take into account a company's environmental responsibility, social impact, and governance practices. By striving for a high ESG rating, companies can demonstrate their commitment to sustainability and attract socially conscious investors. 🌍💼Let's embrace the integration of ESG in business organizations and work towards a more sustainable future. Together, we can create positive change and make a difference. 🌱🌍#ESG #sustainability #business #innovation #sustainablefuture #valuecreation #environmentalimpact #socialresponsibility #governance #collaboration #positivechangeReferences:[1] Choosing the Right KPIs for your ESG Strategy!: https://lnkd.in/dbR-iacb[2] Understanding ESG Benchmarking: A Guide for Businesses: https://lnkd.in/d8kJXjND[3] Ways In Which Real Estate Tap Into ESG To Make Difference: https://lnkd.in/de4bsU-M
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SuReal
3,563 followers
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🚨Alarming news: a study reveals that 75% (!) of Belgian companies lack a formal sustainability strategy. This places them in a particularly vulnerable position, given the forthcoming European regulations related to sustainability reporting.🔍The takeaways of the study:👉 Only 40% of large companies (50+ employees) admit to having a sustainability strategy.👉 Only 25% of SMEs have developed a sustainability strategy, while many are confused about where to start.👉The #CSRD is approaching fast: starting 2025, listed companies must report on sustainability, with non-listed companies expected to follow in subsequent years. 🌟 Is your company ready to tackle the upcoming requirements?With 33% of companies admitting that they don’t know where to begin, one thing is clear: finding the right people to elaborate a solid plan around sustainability is KEY.This is where SuReal steps in. We are experts in providing tailored solutions to guide you through the complex landscape. We make it easy to overcome the challenges:👉 Our team of experts provides clarity and guidance. We aim to help and prepare you for the upcoming regulatory requirements.👉We blend high-level business consulting with deep engineering expertise for a detailed, holistic #ESG approach.👉In-House ESG manager: with our external ESG manager service, you can get immediate support with access to SuReal expertise, ensuring a tailored solution that fits your company’s DNA.Don’t let sustainability reporting overwhelm you and let us help you be a frontrunner!#CSRD #ESG #strategy #sustainability
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Cegeka
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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 hereIn Dutch 👉 https://lnkd.in/eEzYt_B9In French 👉 https://lnkd.in/eCuRwa54#InCloseCooperation #CorporateSustainabilityDueDiligenceDirective #ESG
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Konstantinos Kouzelis
CEO at Coolset | The sustainability management platform
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'26.8% of Dutch companies are unprepared for the upcoming mandatory sustainability reporting measures.'Within smaller companies, this number nears 60%.This statistic masks a broader concern: most mid-market businesses, playing a crucial role in the European economy, are still struggling with this transition.Speaking with C-level executives daily, we notice the first-hand effects of rising regulatory pressure. → Concerns about balancing the cost of compliance with ongoing operations;→ Concerns about leading the cultural shift towards a sustainable business;→ Concerns about aligning the company image with sustainability efforts;→ Concerns about the short-term costs to reap long-term benefits;→ All while maintaining public trust and customer loyalty.Yet, mid-market companies lack the resources for specialized sustainability managers and extensive advisory processes, leading to delays in data collection and implementing effective sustainability measures. Where sustainability managers have been hired, they're often underequipped with the right tools to run an actionable sustainability program beyond checking the compliance box.On the other hand, we're also proud to be working closely with the companies leading the charge. Companies investing in the proper sustainability tools to build strategy demonstrate how they're turning risk into opportunity.When compliance is seen as a stepping stone for better positioning, differentiation, and long-term value creation for shareholders, customers, and employees – everyone wins.Read the piece in Het Financieele Dagblad (in Dutch): https://lnkd.in/eyMnDjXk
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Olga Miana
ESG Specialist and Consultant
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As a proud member of the MasterSustainability.today team, I'm happy to share this insightful interview with Kim Jacobs shedding light on the game-changing Corporate Sustainability Reporting Directive (CSRD) and the digital solution, Sustainability Master. The transition to a more sustainable future is both a regulatory requirement and an opportunity for positive change. Read the article to find out how our innovative software simplifies the complex landscape of ESG compliance and empowers businesses to embrace sustainability at every level!#Sustainability #ESG #CSRD #Innovation #MaisteringBV #GreenBusiness #PositiveChange
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Highberg
3,275 followers
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🥈 We are very proud to announce that after getting our B Corp status, we are now also EcoVadis certified! Consultancy.nl "EcoVadis is an internationally recognized platform that monitors companies on their sustainability performance and CSR initiatives. It provides an assessment of companies' impact on both society and the environment, through an analysis of four key areas: environment, working conditions and human rights, ethics, and sustainable sourcing."With a silver certificate, Highberg ranks in the top 15% of companies worldwide. Most companies that undergo an EcoVadis certification process (to date: 90,000 companies) receive a bronze score.Read more about our EcoVadis certification on Consultancy.nl down below. 👇 #Highberg #EcoVadis #Certified #CSR #Sustainability
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Samira Bersoul
ESG Expert @ Durably | Managing Sustainable Growth - Chairwomen of the Board - D&I Champion - Sustainable Entrepreneur
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🌍💼 **SMEs and ESG Legislation: A Challenge for the Future** 🌱📊Gerd Callewaert, Managing Director at Ipsos Belgium, highlights a significant issue within the Belgian business landscape: companies lack sufficient legal knowledge about Environment, Social & Governance. A survey of 310 companies reveals that finding the right information is a struggle.🔍 **Key Findings:**- More than 40% of companies find it difficult to get clear answers to their ESG questions.- Only 15% of companies believe their knowledge of ESG regulations is adequate.- 44% of companies want to be better informed about the impact of ESG rules on their business.These figures come from a study by Ipsos Belgium, conducted among 310 Belgian companies with more than 10 employees. The results were presented during the Power of ESG event by Trustmedia.📉 **Lack of Knowledge:**According to Statbel, Belgium has over 1.1 million companies, the majority of which are sole proprietorships and SMEs. 37,000 companies have at least ten employees and potentially qualify for CSRD regulations."80% of these companies are SMEs with fewer than fifty employees, and 53% of them report poor knowledge of ESG rules," says Gerd Callewaert.📊 **Strategic Challenges:**- Two out of three companies are aware of the mandatory sustainability reporting approaching.- 42% of companies find it difficult to find relevant ESG information.- 72% of Belgian companies need a centralized place to find ESG information and regulations.📈 **Benefits of ESG:**- 8% of companies report higher profits due to their focus on ESG.- 33% find implementing an ESG policy important, while 38% of companies with more than ten employees do nothing in this area.- Large companies with more than 200 employees are more likely to have a clear ESG strategy.💡 **Image and ESG:**- 35% of companies with more than ten employees believe ESG is important in the 'war for talent'.- 48% of smaller companies communicate externally about their ESG efforts, compared to 75% of large enterprises.- 43% of surveyed organizations believe ESG initiatives positively impact their image."Most companies agree that ESG initiatives contribute to a better climate and a stronger society," concludes Gerd Callewaert.📚 **What is the CSRD?**The Corporate Sustainability Reporting Directive (CSRD) is an EU directive requiring companies to report extensive information on sustainability and social impact. This directive is being phased in:- From 2025 for large publicly traded European companies with more than 500 employees.- From 2026 for large European companies with more than 250 employees.- From 2027 for publicly traded SMEs with at least 10 employees.🚀 **Need Support?**Do you need support with your sustainability policy? Contact Durably at Vacancy@durably.eu. 🌿#ESG #Sustainability #SMEs #CSRD #Environment #SocialResponsibility #CorporateGovernance https://lnkd.in/ejxvehrK
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