Sustainable development
EUROPEAN CORPORATE SUSTAINABILITY REPORTING DIRECTIVE (CSRD)
The CSRD replaces the previous European climate reporting standard, the Non-Financial Reporting Directive (NFRD), by substantially expanding the number of companies affected, as well as the information they will be required to disclose on various environmental and social indicators.
What Is It About?
This new European Union legislation, effective from fiscal 2024, requires EU businesses—including qualifying EU subsidiaries of non-EU companies—to disclose information on how their business activities affect the planet and its people, and how their sustainability goals, measures and risks impact the financial health of the business. The directive comprises 12 standards, addressing various sustainability aspects with a primary focus on the environment, covering areas like climate change, pollution, water resources, and the circular economy.
For example, in addition to simply requiring a company to report its energy usage and costs, CSRD also requires more detailed metrics as to how that energy use impacts the environment, the targets for reducing that impact, and information on how achieving those targets will affect the organization’s finances.
The main goal of the CSRD is to avoid greenwashing and provide transparency, helping stakeholders such as investors, analysts, and consumers, in evaluating EU companies’ sustainability performance as well as the related business impacts and risks. In the long term, this directive will also support the EU’s 2050 climate-neutrality target and European Green Deal Objectives.
Who Is Affected by the CSRD?
Before the introduction of this regulation, 11,700 European companies were subject to non-financial reporting obligations. This number is now set to increase to about 50,000, as the CSRD now extends to all large companies with any of the following criteria:
- Over 250 employees
- A turnover of over €50 million
- And/or total assets exceeding €25 million.
- All listed companies, except for smaller enterprises with fewer than 10 employees, €350,000 in total assets and €857,000 in net turnover1.
Given the current climate, stakeholders will likely monitor CSRD reporting closely, particularly if you’re in a high-risk industry, so it’s important to get it right. Non-compliance is a significant risk. Any inaccuracies, incompleteness, or misleading information in the reporting could result in a negative impact on the company’s reputation. And while the CSRD is currently focused on larger companies, by 2026 it will also extend to small businesses and with sector specific standards.
Start Taking Action Now
Reprocover is your key ally in meeting these new EU sustainability standards. Our groundbreaking recycling process transforms challenging thermosetting plastics into premium, environmentally friendly products. Committed to circular economy values, our solutions are not only recycled but also recyclable, prolonging product life and minimizing waste.
Concretely, a partnership with Reprocover will actively help you meet the following European sustainability reporting standards (ESRS).
In addition, through Life Cycle Assessments (LCA), we’ve proven our products have significantly lower environmental impacts than traditional alternatives. Check the graph below for a comparison between the environmental impact of a concrete speed bump and our RTP (Recycled ThermoSet) counterpart. This eco-friendly approach extends across our entire product range. For example, some product produces 60% less CO2 than the traditional alternative.
Choosing Reprocover means choosing sustainability, compliance, and a partner dedicated to your company’s green and circular future.
To find out more about the CSRD directive, visit: Corporate sustainability reporting – European Commission (europa.eu)
If you are interested in working with us on this topic, we would love to hear from you. We can help you comply with the CSRD directive and improve your environmental performance by using our innovative and sustainable products. Please contact us at info@reprocover.com or call us at +32 4 362 67 80 to discuss how we can collaborate on your next project. We look forward to hearing from you soon.
Below, in green, are some examples of metrics that we can provide.
| European Sustainability Reporting Standards (ESRS) | |
| ENVIRONMENTAL STANDARDS | |
| TOPICS | WORKING WITH US MEANS PROVING |
| Climate change | Actions taken in relation to climate change. Low impact and risks of the material on climate change (detailed metrics on GHG emissions) GWP100a: 6.89 kg CO2 eq for Reprocover compared to 19.51 for a traditional alternative |
| Pollution | Plans to adapt the business model in line with the transition to a sustainable economy. Specific metrics on the emissions into air, soil and on water Acidification: 2.59E-02 kg SO2 eq for Reprocover compared to 1.01E-01 kg SO2 eq Photochemical Oxidation: 1.19E-03 kg C2H4 eq for Reprocover compared to 1.24E-02 kg C2H4 We can arrange transportation by train, thereby further reducing our carbon footprint. With products that are twice as lightweight, we can double the quantity transported, effectively decreasing transport pollution. |
| Water and marine resources | Contribution to the European Green Deal’s ambitions for clean water and the blue economy Low impact on water and marine resources Eutrophication: 4.37E-03 kg PO4— eq for Reprocover compared to 2.02E-02 kg PO4— eq We provide lixiviation testing services to ensure soil pollution prevention. |
| Biodiversity and ecosystems | Consideration of biodiversity in strategy and business model Relevant impact metrics |
| Resource use and circular economy | Capacity to adapt the strategy and business model in line with circular economy. Plans to increase circular product design (durability, reparability, and recyclability) Actions taken to source sustainably and avoid the use of virgin resources. We collaborate with partners within a 600km radius for local and circular practices. We offer a take-back program for product disposal at the end of its lifecycle. We have the capability to create products directly from your waste materials, and we also manage a program for taking back and repurposing workplace waste. |
| SOCIAL STANDARDS | |
| TOPICS | WORKING WITH US MEANS PROVING |
| Workers in the value chain | Actions to establish business relationships that value workers. Equal treatment and opportunities for all, across the value chain 100% of our workers are treated and paid fairly adhering to EU legislation. We prioritize hiring individuals with disabilities and those facing long-term unemployment or challenges. Our aim is to ensure that 10% of our workforce comprises individuals with such disabilities and difficulties. |
| Affected communities | Actions to prevent and remediate the negative impact of waste on affected communities. We collect and transform waste that would otherwise end up in landfills |
| Consumers and end-users | Positive impact and opportunities on consumers and end-users by including them in a circular economy. We collaborate with our clients to develop innovative, sustainable solutions. |
