Thomson Environmental Consultants (Thomson EC) has announced the launch of an innovative new service to assist businesses required to report under the Corporate Sustainability Reporting Directive (CSRD), which comes into force in 2024.
Ahead of the upcoming changes in EU legislation, Thomson EC has developed a highly focused, map-based methodology to assess sites and activities across the globe, evaluate their impact on ecologically sensitive areas, and improve biodiversity on and around sites.
The leading environmental consultant’s new service offering aims to help companies understand their impact and responsibilities and help them demonstrate ‘Do No Significant Harm’ (DNSH), primarily with biodiversity and ecosystems.
Director of Digital Innovation at Thomson Environmental Consultants, Steve Wagstaff, commented on the new legislation: “Around 50,000 businesses will be impacted by the new regulation, and over time, more and more businesses will be required to disclose reports, including SMEs, who will be required to make disclosures from 2026.
“Although the regulations apply to businesses in the EU, they also impact non-EU businesses with EU subsidiaries that meet turnover thresholds. From 2028, businesses outside the EU with an EU-generated turnover of more than £150 million will also be required to report.”
Part of CSRD requirements will be compliance with the EU Taxonomy, a system to demonstrate that economic activities are environmentally sustainable.
Steve adds: “This means that the economic activity will significantly contribute to at least one of the EU climate and environmental objectives.
“Companies that are required to report under the CSRD must show how their activities are covered by the EU Taxonomy and how they comply with its requirements. Other businesses may decide to report against the EU Taxonomy voluntarily. However, reporting requirements will need detailed analysis of complex environmental data in order to robustly demonstrate ‘significant contribution’ or ‘no significant harm’ to biodiversity and ecosystems.”
