Codio Impact

ENDLICH: Es gibt Updates zur Umsetzung der #CSRD in Deutschland. 💡 Das BMJ hat den Regierungsentwurf des CSRD-Umsetzungsgesetzes veröffentlicht, wodurch wir nun wieder einen Schritt weiter sind. Neben kleineren Anpassungen und Verweisen (bspw. im Kontext des Konzernlageberichts), wurde ebenfalls die Verschiebung zur Frist zur Einreichung eines #LkSG-Berichts bis zum 31.12.2025 bestätigt. Link zur Veröffentlichung im Kommentar 👇

Codio Impact #automates the way companies manage and report #environmental, #social, governance (ESG) #data, while remaining fully compliant with the newest regulation. "Our main activities are in the space of #sustainability and corporate sustainability reporting; at this point, dozens of thousands of companies are preparing for European Sustainability Reporting Standards (ESRS). This is a challenging task as the ESRS requires over one thousand data points collected and reported in the next year – a task impossible to complete using standard tools. Our customers enjoy the simplicity and intuitiveness of #software and are able to cut down time for compliant reporting by more than 80%." - Sonja Radovic-Paul, Co-founder & Managing Director of Codio Impact. https://lnkd.in/dwpXqjzN

Geschafft, wow! Was für eine Woche auf der #IFAT. Anstrengend, aber definitiv erfolgreich. Unzählige Gespräche und Diskussion rund um die #Kreislaufwirtschaft, gutes Datenmanagement und die Chancen nachhaltiger Transformation. Ein besonderer Dank gilt dem BDE Bundesverband der Deutschen Entsorgungs-, Wasser- und Kreislaufwirtschaft e. V. für die tolle Organisation des Gemeinschaftsstandes! Danke auch an unsere Standnachbarn SHIT2POWER! Wir sehen uns in zwei Jahren! ♻️ cc Sonja Radovic-Paul, Yannik Bitterling, Tilman Kemper

The amended #CS3D has been adopted today! The text was extensively changed by Council - so what is now actually in the Directive? 🏢 Scope: - companies with 1000 employees and 450 million in turnover - covers around 5.300 companies in the EU ❗ Transposition:  the Directive will apply in a cascading system: - Companies with more than 5000 employees and 1500 million in turnover need to apply the directive 3 years after entry into force, with reporting for financial year starting January 1st 2028 - Companies with more than 3000 employees and 900 million in turnover after 4 years, with reporting for financial year starting January 1st 2029 - Companies with more than 1000 employees and 450 million in turnover after 5 years, with reporting for financial year starting January 1st 2030   👷♀️ Chain of activities: - as part of their downstream activities, companies need to cover transport, storage and distribution, if this is carried out directly on behalf of their company The text will be voted in two stages: JURI committee on 19/03 and in plenary on 24/04. 🚀 This is a huge leap forward in #sustainablepolicy in the EU!

It's a no to the #CSDDD (for now)! After weeks of uncertainty, the CSDDD failed to secure approval in today's European Council vote. The aim of the directive was to mandate thorough due diligence in the supply chains of large EU companies. Opponents, such as the German Free Democratic Party (FDP), argued that it would impose excessive bureaucratic burdens on businesses. It's crucial to hold companies accountable for their environmental and social impacts within their supply chains. Clear legislative guidelines are needed to ensure this accountability. This is why it's sad to witness the setback of a much-needed directive. However, this rejection does not mark the end of due diligence legislation. Despite the failure of the CSDDD today, it's likely that another due diligence directive will be proposed in the future.

💡The #doublemateriality assessment has been part of the conversation for a while now, and it is becoming increasingly important as the deadlines for auditing of the #CSRD reports come closer. 🫱🏾🫲🏻Having seen the struggle to assess the criteria on impacts, risks and opportunities, especially after reading one unclear guideline after another, we decided to structure our experience and create a #blueprint of this process. 📖 This is not just a blog: you will find exclusive downloadable resources, including a step plan, impact, risk and opportunities #scoringsheets, and all else we deem necessary to undertake a great double materiality assessment. We want to kick off the creation of #bestpractices on this topic asap - so join us, share your experiences and help the #greentransition! 🔗Link is in the comments.

💡 German Blog: Unser Kollege Yannik Bitterling steht täglich im Austausch mit mittelständischen Industrieunternehmen. In unserem Blog teilt er seine Beobachtungen, Perspektiven und hilfreiche Tipps für die erfolgreiche Erstellung eines #CSRD-Berichts. Link in den Kommentaren 👇

First fair of the year done: InfraTech 2024! We continue our work in the #construction and #infrastructure industries to drive digital and sustainable change with the power of data and our #software. Compliance is a necessary part of the sustainability process, though, it needs to be so much more: impactful action and a lasting economic advantage. We are looking forward to a busy and meaningful 2024! 

Auf dem Weg zur ersten Messe des Jahres für Codio Impact: InfraTech 2024 (und dazu noch ein Heimspiel für mich in Stadt Essen) 🚉 Als Fachmesse für Infrastruktur, Straßen- und Tiefbau könnten nachhaltige #Transformation und #Kreislaufwirtschaft als Themen kaum wichtiger sein. Wir freuen uns auf spannende Diskussionen, kritische Rückfragen und gute Gespräche, wie nachhaltiges Handeln, Wirtschaftlichkeit und Software im Bausektor zusammen passen. Vom 09. - 11. Januar sind wir in der MESSE ESSEN GmbH an Stand 3H17 zu finden 🚧 cc Yannik Bitterling

#CSDDD has been informally agreed on today! The Corporate Sustainability Due Diligence Directive is a strong push for many more requirements companies face from their customers, banks, or pretty much any other market participant in the future. Important for companies: once adopted, this EU-wide legislation will replace the German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz; #LkSG), in the following ways: 🏢 All EU companies with 500 employees and a turnover of EUR 150m worldwide are subject to requirements, and non-EU companies with EUR 300m turnover in EU 🌍 Companies will have to adopt a plan ensuring their business model complies with limiting global warming to 1.5°C 👩🏽⚖️ Penalties will be harsher, including civil liability for damages, naming and shaming and fines of up to no less than 5% of net worldwide turnover 📝 Companies need to report and ensure due diligence of their suppliers on the following topics: - environmental matters, - human rights, - anti-corruption measures and - diversity issues. Next step: the agreement should be adopted in Q1 2024, during the current sitting of the EU Parliament. In a world where staying ahead of ever-evolving regulations (how many #LkSG obligations did you incorporate and change already?🖊️) seems like a never-ending task, our dedicated team is committed to ensuring that you seamlessly handle all that lies ahead with accuracy, compliance, and security.