The Social & Labor Convergence Program (SLCP), a non-profit multi-stakeholder initiative to audit supply chains, has unveiled its new Guidance on the EU Corporate Sustainability Reporting Directive (CSRD). This Guidance outlines the areas where SLCP’s Converged Assessment Framework (CAF) can assist with CSRD compliance and identifies aspects that fall outside of SLCP’s purview.
As mandatory corporate sustainability reporting becomes a global priority, the CSRD stands out as a crucial regulatory measure for companies both within and beyond the EU. The Directive seeks to improve transparency and accountability in managing human rights risks across global supply chains. SLCP’s CAF, aligned with international labour standards and national labour laws, provides actionable and credible data to support robust human rights disclosures.
The new SLCP Guidance is intended to help stakeholders understand the specific role SLCP data can play in CSRD compliance. It details the CAF’s coverage for each disclosure requirement and clarifies SLCP’s contributions and limitations in this context.
This resource is valuable not only for brands preparing to meet their reporting obligations but also for other stakeholders, including manufacturers, navigating the complexities of the CSRD.
Joe Wozniak, Head of Trade for Sustainable Development at the International Trade Centre, said, “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.”