Corporate Sustainability Reporting Directive (CSRD) -Why Leading Irish Construction Companies Should Use Hub360
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.
CSRD Reporting in 2025: What Ireland’s Construction Sector Needs to Know
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.
What UK Companies Need to Know About CSRD
UK companies may be affected by the CSRD in the following scenarios:
Listed Securities: Companies with securities listed on an EU regulated market must comply with CSRD reporting obligations, regardless of their location.
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.
Adapting to the New EU Corporate Sustainability Reporting Regulations: How Hub360 Can Help
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.