Ready to optimize your compliance strategy? Start now with the Sustainability Compliance Management solution by GLOSUS to stay compliant with and avoid penalties for upcoming regulatory requirements such as the EU Corporate Sustainability Reporting Directive (CSRD).
We assist you in identifying compliance risks and understanding the requirements for your company's legal entities regarding applicable regulations such as CSRD. Efficient, cost-effective, and fully automated.
We are your trusted partner when it comes to identifying sustainability compliance risks and understanding the requirements for your company's legal entities regarding applicable regulations such as CSRD.
Compliance is of paramount importance in today's business world, especially in the face of constantly evolving legal requirements and regulatory frameworks. Our tool allows for the automated scanning and analysis of the specific features and characteristics of your various legal entities. This enables you to efficiently determine whether certain regulations, like CSRD, are applicable to your legal entities.
The first step is to clarify which regulations apply when. Which legal entities in your company are already compliant, and which still need to meet the requirements? Comprehensive sustainability compliance management prevents you from overlooking regulatory aspects that may be subject to penalties. We support you with our GLOSUS Compliance Radar to automatically check the legal entities of your company for possible compliance gaps - via fully automated scanning of all legal entities in your company.
Keep your operating license by meeting regulatory requirements for business sustainability - with maximum efficiency!
The GLOSUS Compliance Radar supports you with a holistic Sustainability Compliance Management:
Simple & intuitive to use
Activation in just a few days
Integrates with any digital media
Manage multiple reporting units
Test the GLOSUS SCM solution free of charge or arrange a non-binding consultation appointment with our experts!
Compliance with company-wide sustainability requirements affects multiple departments within a company. The complexity and stringency of the regulations are also constantly increasing and vary depending on the country, region and industry. In particular, key directives and regulations now include the Corporate Sustainability Reporting Directive (CSRD), the Non-Financial Reporting Directive (NFRD), the Sustainable Finance Disclosure Regulation (SFDR), the EU Taxonomy Regulation, the UN Sustainable Development Goals (SDGs), the Carbon Disclosure Project (CDP), and the GRI Standards (Global Reporting Initiative).
Companies need to understand these different regulatory requirements in order to align their sustainability reporting and initiatives accordingly and ensure full compliance with sustainability regulatory requirements.
The Compliance Radar ist one of the applications of GLOSUS Sustainability OS - the holistic approach to managing and reporting your sustainability data across the enterprise. The Sustainability OS offers you not only Sustainability Compliance Management (SCM), but also Sustainability Information Management (SIM), Sustainability Experience Management (SXM) and Sustainability Performance Management (SPM).
Sustainability Compliance Management refers to the process through which a company ensures it complies with all relevant sustainability-related laws, guidelines, standards, and best practices. It is a strategic approach to ensuring that the company meets the social, environmental, and ethical requirements in its business practices and activities.
This management approach focuses on ensuring compliance with sustainability goals and requirements to minimize potential risks and capitalize on opportunities associated with sustainable business conduct.
Regulatory requirements in the field of corporate sustainability may vary based on the country, region, and industry. Regarding the European Union and in the context of the Corporate Sustainability Reporting Directive (CSRD) as well as general sustainability regulations, here are some key regulatory requirements:
Corporate Sustainability Reporting Directive (CSRD): CSRD is a European Union-wide directive that establishes detailed requirements for the disclosure of sustainability information for large companies. It expands and strengthens existing reporting obligations and specifies the aspects of sustainability that need to be covered.
European Sustainability Reporting Standards (ESRS): The ESRS constitute a framework for the sustainability reporting of companies within the European Union. Published by the European Commission in December 2021, they become mandatory for large and publicly listed companies based in the EU starting from January 1, 2024.
Non-Financial Reporting Directive (NFRD): NFRD was the previous EU directive setting requirements for the non-financial reporting of large companies. CSRD replaces NFRD and builds upon its foundations.
Sustainable Finance Disclosure Regulation (SFDR): SFDR is an EU regulation that imposes transparency obligations on financial market participants and financial advisers regarding the integration of environmental, social, and governance (ESG) aspects into their activities.
EU Taxonomy Regulation: This regulation sets a framework for classifying economic activities as environmentally sustainable. It assists companies in reporting their alignment with environmentally sustainable activities.
UN Sustainable Development Goals (SDGs): The 17 SDGs are global goals set by the United Nations covering various aspects of sustainability. Companies are encouraged to document their efforts to support and achieve these goals.
Carbon Disclosure Project (CDP): CDP is a global initiative that urges companies to report their environmental data, especially related to greenhouse gas emissions, water, and forest management.
GRI Standards (Global Reporting Initiative): GRI Standards are internationally recognized guidelines for reporting on economic, environmental, and social aspects of corporate performance. They provide a framework for comprehensive sustainability reporting.
It's essential for companies to understand these regulatory requirements to ensure they align their sustainability reporting and activities accordingly and fully comply with legal provisions regarding sustainability.