The Corporate Sustainability Reporting Directive
Navigating the world of sustainability regulation
Understanding and managing new complex regulations is never an easy task: With the rise in packaging use and low reuse and recycling rates, efforts to create a low-carbon circular economy are threatened. Additionally, consumer demand for eco-friendly solutions is on the rise. Time to act is now.
Global legislation is responding by driving regulations towards a more sustainable future. This presents challenges, requiring the industry to adapt and meet new compliance standards.
We are here to assist you through these changes with our expertise and resources: Read on to gain insight into the world of sustainability regulations and to understand them on both product and corporate level. One by one, we guide you through different regulations, their impact on the industries you operate in and the steps you can take to comply and drive meaningful change.
How does the CSRD help to promote sustainability?
The Corporate Sustainability Reporting Directive (CSRD) builds on the Non-Financial Reporting Directive (NFRD): It defines your company’s reporting duties on sustainability, how you must structure these reports and which information you must record. This is guided by the European Sustainability Reporting Standards (ESRS). The new directive introduces new standards and follows a double materiality perspective.
What this means to you:
- Assess the importance of your business activities for the environment and society.
- Evaluate how sustainability aspects as well as environmental and societal changes influence your business operationally and financially.
We want to support you in meeting these requirements.
To evaluate these influences, ALTANA has launched a significant project, the ALTANA Materiality Analysis including interviews with stakeholder groups. The analysis is currently being finalized.
You need our support or want to learn more? Feel free to contact us.
Your corporate CO₂ emissions is one of the non-financial metrics that you need to record. At ACTEGA – as part of the ALTANA – we regularly undertake projects to reduce our carbon footprint, responding to your demands of ambition and transparency. Here are two examples.
New photovoltaic system installed in Bremen, Germany
We recently commissioned a new photovoltaic system on the roof of our new 7,600 m² building in Bremen. The system has a nominal output of just under 1,000 kWp, possibly generating more than 850,000 kWh of electricity per year. The energy generated is used directly in the production process to ensure even more eco-friendly production. By reducing our own CO2 footprint, we help you to meet your own sustainability goals
Energy-efficient VOC exhaust-air purification, Grevenbroich
Did you know: For many companies in the chemical industry, such as ACTEGA, treating solvent-containing exhaust air provides significant energy savings and climate benefits. With stricter limits for volatile organic compounds (VOCs) such as benzene, it’s important to focus on reducing operational emissions and upgrading existing exhaust air purification systems.
At our Grevenbroich site, we opted for catalytic post-combustion in combination with adsorptive concentration – a process independent of fossil fuels. This process uses a catalyst to reduce the temperature level for decomposing the VOC emissions. This replaces the old RNV system, eliminating the need for natural gas as an energy source, reducing our CO2 emissions.
Feel free to contact us today to discover how we can support your journey towards sustainability.
DISCOVER:
Let’s rethink packaging together: How does the PPWR contribute to more sustainable packaging?
