The year 2024 marks an important step in environmental regulations for companies.Here is an overview of the main regulations to know, their key requirements and some tips to comply.
European directive CSRD on extra-financial reporting
The CSRD (Corporate Sustainability Directive Directive) directive comes into force on January 1, 2024. It replaces the former extra-financial report.
Key requirements:
- Compulsory reporting on environmental, social and governance impacts for large companies (> 250 employees) and listed companies
- Data audited and aligned on European standards under development
- Double materiality: company impacts on the environment and impacts of environmental issues on the company
Important dates: Reporting required for the year 2024 to publish in 2025 for large listed companies.Progressive entry into force until 2028.
TRI compulsory bio -waste for companies
In accordance with the Agec law of 2020, sorting at the source of bio -waste (food waste, green waste) becomes compulsory for all companies on January 1, 2024.
Key requirements:
- Establishment of separate collection sectors of bio -waste
- Promotion of bio -waste by composting, methanization, etc.
Strengthening of the fight against greenwashing
The AGEC de 2020 law strictly supervises the environmental allegations of companies to combat the deceptive Greenwashing practices.
Key requirements:
- Use of precise and verifiable terms to describe environmental benefits
- Scientific evidence in support of allegations
- Sanctions of up to 2 million euros
Tips to ensure compliance
- Perform a complete diagnosis of applicable regulatory obligations
- Define an action plan and a compliance calendar
- Allocate the necessary human and budgetary resources
- Set up reporting and internal control processes
- Train and educate all the employees concerned
- Call on experts and specialized service providers if necessary
Complying with these new regulations represents a major challenge but also an opportunity for companies to improve their environmental performance, transparency and long -term competitiveness.
