SLCP launches new Guidance on the EU Corporate Sustainability Reporting Directive (CSRD)

The new Guidance document demonstrates how SLCP's Converged Assessment Framework can support CSRD compliance.

August 20, 2024 – The Social & Labor Convergence Program (SLCP) is excited to announce the release of its new Guidance on the EU Corporate Sustainability Reporting Directive (CSRD). The Guidance illustrates which aspects of CSRD compliance SLCP’s Converged Assessment Framework (CAF) can support with, and which are out of SLCP’s scope.

As the world moves towards mandatory corporate sustainability reporting, the CSRD emerges as a pivotal regulatory development for companies both within and outside the EU. The Directive aims to enhance transparency and accountability in addressing human rights risks across global supply chains. SLCP’s CAF, which is designed to align with international labor standards and national labor laws, provides actionable and reliable data to support effective human rights disclosures.

This new Guidance from SLCP is designed to support stakeholders in understanding the precise role that SLCP data can play in CSRD compliance, detailing the CAF’s coverage for each disclosure and outlining SLCP’s role and limitations in this context.

The Guidance serves not only as a resource for brands seeking solutions in preparing to meet reporting obligations, but also for other stakeholders, including manufacturers, grappling with the complexities of the CSRD.

Joe Wozniak, Head of Trade for Sustainable Development at the International Trade Centre, remarks on the significance of the new Guidance: "Clear and transparent Guidance that outlines SLCP's role in supporting European Sustainability Reporting Standards implementation is essential particularly for smaller companies to effectively navigate the Corporate Sustainability Reporting Directive. To ensure robust disclosures, companies must rely on credible data that furthers transparency of their supply chain impacts on workers - something that adopting SLCP can facilitate as this Guidance demonstrates."

The Guidance is available for free on SLCP’s website. For more details, reach out to info@slconvergence.org.