CSRD emphasises that inclusion is an integral part of sustainable development. Its latest version is a major step forward for the accessibility of workplaces. Here, we’ll examine the implications of the CSRD for new CSR strategies and the future of accessibility and disability in the workplace.
Understanding the CSRD
The Corporate Sustainability Reporting Directive (CSRD) took effect in France on 1 January 2024 to standardise corporate sustainability reporting. It now requires detailed disclosure of social, environmental and governance (ESG) impacts. Nearly 50,000 companies with more than 250 employees are concerned.
The CSRD requires companies to promote the inclusion of disabled people and accessible working conditions. This approach, central to ESG, fosters better decision-making and improved business performance.
The new CSRD measures – accessibility and disability
The CSRD replaces the NFRD, Non-Financial Reporting Directive. It emphasises the integration of disability and accessibility into companies’ reporting practices.
The CSRD amends four existing European texts: the Accounting Directive, the Transparency Directive, the Audit Directive and the Audit Regulation.
Good to know: the first report due in 2025 for the year 2024 concerns companies already subject to The Non-Financial Reporting Directive since 2018.
What are the benefits for disabled people?
The CSRD encourages organisations to adopt innovative accessibility solutions, thereby promoting a better quality of life for people with disabilities. This initiative strengthens transparency and accountability in reporting on disability and accessibility issues. It also helps people with disabilities access goods, services and employment.
CSRD LIMITATIONS
The costs
According to the European Commission, implementation of the CSRD will increase annual reporting costs by €3,600 million + €1,200 million in one-off costs. However, non-compliance with the Regulation will result in a higher long-term financial risk.
Harmonised reporting
It is difficult to create a standard compliance model that meets the different needs of industries, sectors and companies, given the diversity and specificity of organisations.
How do you meet the new CSRD guideline?
Follow the European Sustainable Reporting Standards (ESRS)
These CSRD standards require detailed ESG impact reporting. It also helps ensure that disability and accessibility requirements are met.
Promoting dual materiality
It is essential to assess the impact of social and environmental issues on business operations.
Here are some good practices to consider:
- Taking stock of current disability and accessibility policies and practices
- Identifying areas for improvement
- Implementing initiatives and strategies to promote inclusion and accessibility
- Operational and organisational synergy
It’s up to you!
And if you want to move from theory to action, start by exploring the various DocAxess solutions for CSR departments.
