The Social & Labour Convergence Program (SLCP) has released its latest Guidance regarding the EU Corporate Sustainability Reporting Directive (CSRD). The Guidance outlines which CSRD compliance requirements SLCP’s Converged Assessment Framework (CAF) can assist with and which SLCP cannot address.
The objective of the Directive is to improve responsibility and openness in managing human rights risks in international supply chains. Actionable and trustworthy statistics are provided by SLCP’s CAF, which is made to comply with both national and international labour laws and regulations. This helps to promote effective human rights disclosures.
This new SLCP guidance outlines the CAF’s coverage for each disclosure, SLCP’s purpose and limitations in this context, and is intended to assist stakeholders in understanding the precise role that SLCP data can play in CSRD compliance. The Guidance is a useful tool for manufacturers and other stakeholders navigating the complexities of the CSRD, in addition to brands looking for answers in getting ready to meet reporting requirements.
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.”
