The Corporate Sustainability Reporting Directive (CSRD) is a legislative proposal aimed at revising and expanding the existing Non-Financial Reporting Directive (NFRD). It sets out new requirements for corporate sustainability reporting to enhance transparency and comparability of environmental, social, and governance (ESG) information.
CSRD was introduced to address the need for more consistent, comparable, and reliable ESG information from companies. Its primary objective is to ensure that companies provide comprehensive and standardized sustainability information, allowing stakeholders to make informed decisions and fostering sustainable business practices.
Traceability and blockchain solutions under CSRD enhance transparency and reliability of reported sustainability data. They provide a secure and immutable record of transactions, ensuring the integrity of the disclosed information, and contribute to the credibility of corporate sustainability reports.