10 octobre 2024

Bien plus qu'un nouveau guide sur la CSRD : découvrez notre analyse approfondie de la gestion des risques climatiques et de biodiversité.

guide csrd

The growing impact of climate change on businesses and individuals is undeniable. In 2022 alone, natural disasters like floods, wildfires, and heatwaves resulted in an estimated $275 billion in global economic losses. This escalating threat has pushed financial risk evaluation to the forefront for both businesses and investors. Understanding how to assess climate and biodiversity risks has now become critical for making sound decisions and ensuring long-term resilience.

 

Why do businesses need accurate, actionable data?

  • Improve investment decisions by factoring in climate and natural hazards
  • Develop pragmatic adaptation strategies for climate-related challenges
  • Comply with evolving reporting standards, particularly under the EU Green Deal framework

 

What is CSRD?

As part of the EU Green Deal, the Corporate Sustainability Reporting Directive (CSRD) is a key initiative designed to enhance and standardize sustainability reporting across Europe. Building on the Non-Financial Reporting Directive (NFRD), the CSRD aims to improve the quality, reliability, and comparability of the sustainability information companies provide. It mandates that businesses disclose their environmental, social, and governance (ESG) performance, allowing stakeholders to evaluate their sustainability practices more effectively. Furthermore, the CSRD underscores the importance of integrating sustainability into corporate governance and decision-making processes.

 

Key objectives of the CSRD

The CSRD goes beyond a mere reporting requirement; it serves as a strategic tool for understanding the relationship between business models and sustainable development, with five primary goals:

  1. Increased Transparency: Ensuring that investors, consumers, and policymakers have access to reliable and comparable sustainability data.
  2. Sustainability in Strategy: Encouraging companies to embed sustainability into their core business strategies to promote long-term growth.
  3. Engaging Stakeholders: Facilitating better collaboration and data management across departments such as risk, finance, and sustainability.
  4. Competitive Edge: Differentiating companies by showcasing their sustainability commitments in measurable ways.
  5. Global Alignment: Harmonizing reporting standards with international frameworks like TCFD, GRI, and ISSB to streamline global sustainability practices.

 

How can Altitude Industry support climate and biodiversity risk assessment?

AXA Climate’s Altitude Industry platform provides a comprehensive solution for evaluating the physical risks posed by climate change and biodiversity loss. Our SaaS tool allows businesses to assess the vulnerabilities of their key assets, including sites and suppliers, to climate-related risks. It also quantifies the potential financial impacts and suggests effective adaptation strategies. With Altitude Industry, risk and ESG managers can efficiently perform detailed and reliable assessments across numerous sites, helping companies get CSRD-ready and bridge the gap in their climate adaptation efforts.

This white paper offers a thorough overview of climate and biodiversity risk assessments, explains the CSRD framework, and outlines how companies are utilizing Altitude Industry to meet these new reporting requirements and address the challenges of climate change.

Download the full document







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