The European Union's Corporate Sustainability Reporting Directive (CSRD).
introduced to force companies more transparent to be about their
sustainability efforts, as part of the European Green Deal. Companies
must now set emission targets and report on sustainability measures
such as emissions, water use and waste management, as well as social issues such as
employee treatment and diversity policies. This also applies to business travel,
Requiring companies to report their travel emissions and set targets
for 2025, 2030 and 2050.
Travel managers need to be aware of CSRD, as companies now include 'Scope
3 emissions" must report, including emissions from flights, hotel stays and
rental cars. This requires clear sustainability data on business travel and the
Aligning travel policies with broader organizational goals.
In addition to CSRD, there are Other environmental, social and corporate governance (ESG)
regulations which companies must consider, such as laws against
'greenwashing' and the Corporate Sustainability Due Diligence Directive.
To comply with CSRD, travel managers must collaborate with
CSR/ESG colleagues, identify data breaches, collaborate with travel providers for
reporting and making sustainable travel policy choices. Travel Management Companies
can help obtain sustainable travel data, customize
travel policy and promoting sustainable travel choices.
Summary: CSRD requires companies to disclose sustainability information, including
travel emissions, to be reported. Travel managers should be aware of these
obligation and working with stakeholders to meet guidelines.
Contour Travel recently developed the STGs, which enable us to help you with
above.
Wondering how? No give us a call.
