As sustainability regulations tighten across Europe, the pressure on companies to back up their climate claims has never been greater. Under the Corporate Sustainability Reporting Directive (CSRD), organisations must disclose detailed, verifiable emissions data—including Scope 1, 2, and 3—with the same rigour as financial reporting.

Public infrastructure projects across Europe are entering a new phase—one defined not by voluntary ESG commitments but by legally enforceable carbon reporting requirements. At the centre of this shift is Scope 3 emissions: the indirect emissions generated by supply chains, transport, subcontractors, and material usage.

With the Corporate Sustainability Reporting Directive (CSRD) now in force and enforcement mechanisms ramping up across EU member states and the UK, organisations relying on estimates or static spreadsheets are on a collision course with regulation.

The construction sector faces mounting pressure to meet sustainability goals, enhance transparency, and comply with regulatory requirements like the Corporate Sustainability Reporting Directive (CSRD). Hub360 offers a tailored solution that simplifies sustainability reporting, reduces operational inefficiencies, and positions companies as leaders in ESG performance.

The Corporate Sustainability Reporting Directive (CSRD) is set to transform sustainability reporting across Europe, and Ireland’s construction sector is no exception. With mandatory reporting beginning in 2025 for qualifying companies, it’s time for construction businesses to prepare for what’s coming.

UK companies may be affected by the CSRD in the following scenarios:

1. Listed Securities: Companies with securities listed on an EU regulated market must comply with CSRD reporting obligations, regardless of their location.

2. EU Net Turnover: Companies with an EU net turnover exceeding €150 million over the past two consecutive years are subject to the CSRD if they have:

   • An EU subsidiary that is a large undertaking or has listed securities, or

   • An EU branch generating over €40 million in turnover in the previous financial year.

On 5th July 2024, the European Union (Corporate Sustainability Reporting) Regulations 2024 were signed into law by Minister Peter Burke. These regulations, which come into effect on 6th July 2024, are set to significantly change the landscape of corporate reporting across Europe. As part of a broader effort to align with the European Green Deal and the EU’s Action Plan for Financing Sustainable Growth, these regulations impose stringent new requirements on companies, particularly in the areas of sustainability and governance. The introduction of these regulations highlights the growing importance of environmental, social, and governance (ESG) considerations in business operations.