The Social & Labor Convergence Program (SLCP) has unveiled new Guidance on the EU Corporate Sustainability Reporting Directive (CSRD). This Guidance highlights how SLCP’s Converged Assessment Framework (CAF) aligns with CSRD requirements and identifies areas beyond its scope.

As the CSRD introduces mandatory sustainability reporting, it becomes crucial for companies inside and outside the EU to enhance transparency and address human rights risks in global supply chains. SLCP’s CAF, designed to meet international labor standards and national laws, offers reliable data to aid in human rights disclosures.

SLCP’s Guidance clarifies how its data supports CSRD compliance, detailing the CAF’s role in meeting specific disclosure requirements and its limitations. It is an essential resource for brands preparing for reporting obligations and for manufacturers navigating CSRD complexities.

Joe Wozniak, Head of Trade for Sustainable Development at the International Trade Centre, underscores the significance of the new Guidance. He notes that a clear and transparent explanation of SLCP’s role in European Sustainability Reporting Standards is crucial, particularly for smaller companies. He points out that effective disclosures rely on credible data, which improves transparency about the impact of supply chains on workers—something that SLCP’s Guidance supports.

This new resource is set to assist stakeholders in understanding and implementing the CSRD effectively.