France has introduced jail time and financial penalties for individuals in companies that do not comply with the new Corporate Sustainability Reporting Directive (CSRD).
Why does this matter to you?
- Because of Scope 3.
- Many of those large, French-based, organizations will need to include information from their vendors (ie, part of their Scope 3 reporting). This may trickle down to you.
Why might this also matter to you?
- France is the first, but they won’t be the last.
- Other countries will also add teeth to penalties for lack of compliance.
Why might this also matter to you?
- What will these reporting companies need?
- Certified sustainable vendors.
If you want to know what to look for in a sustainability program, this post gives the 8 things you want.
If you want to discuss options, contact us.