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.

Compliance with environmental regulations is a critical aspect of managing construction projects. Failure to meet these regulations could result in fines, legal issues, and damage to a company’s reputation. Hub360 offers a comprehensive solution to support your construction site staying compliant with environmental regulations. In this blog post, we will explore how Hub360 contributes to your compliance oversight, while also enhancing your overall site management.

In the construction industry, transparency and accountability are crucial. Project owners need to know what materials have been used on-site and what materials and waste have gone off-site. They are responsible for ensuring these materials are disposed of or moved to their intended destinations. Hub360 provides a comprehensive solution with verifiable data, ensuring that all movements related to site operations are accurately documented and transparent for everyone involved. In this blog post, we'll explore how Hub360's verifiable data enhances transparency and accountability, transforming site management practices.

Navigating the complexities of environmental compliance, including the preparation of Annual Environmental Reports (AER) and regular audits, demands an efficient, error-free reporting system. Hub360 offers a transformative solution by automating compliance reporting and significantly simplifying the audit process.

The logistics industry is one of Europe's biggest, generating in excess of €900 bn each year and employing more than 7 million workers. It also features the most labour-intensive processes that have traditionally focused heavily on legacy paper-based systems, meaning that it's an industry that's open to disruption by options that offer improved efficiency.

Ireland's journey towards efficient waste management and sustainability is a compelling narrative of progressive change, punctuated by pivotal legislation. Over the years, policies and laws have evolved to address the growing need for waste reduction, recycling, and the implementation of a circular economy. The cornerstone of this evolution has been the Waste Directive Regulations of 2011, which have significantly reshaped the landscape of waste management in Ireland.

In the world of construction, the focus on sustainability and green procurement is more pronounced than ever before. As regulatory pressures increase and public demand for environmentally responsible practices grows, companies are looking for ways to align their operations with these values. This is where HUB360 steps in, offering a robust solution for enhancing green procurement and ensuring sustainability in construction projects.

TTII – Transport Infrastructure Ireland has identified what is needed to implement a circular economy approach in our national road projects which identifies key strategies aimed at maximising material reuse, minimising waste, and promoting sustainable practices throughout the project lifecycle. These include;

The European Environment Agency (EEA) has identified significant challenges in Construction and Demolition Waste (C&DW) management that need to be addressed, these are challenges where the Hub360 Platform emerges as a strategic solution.

The concept of a circular economy in the construction industry focuses on reducing waste, promoting recycling, and encouraging the sustainable use of resources. Here are some key aspects that the EPAN in Ireland have emphasised in waste their management guidelines:

Ireland’s updated Waste Management guidelines for Construction & Demolition Projects 2021 prioritises the adoption of a circular economy, emphasising reuse and recycling over disposal. This means tracking, tracing and auditing of the movement of Construction materials where the developer must “maintain records for all resource material which is used on site and leaves the site, either for reuse, recycling, energy recovery, backfilling or other recovery or disposal on third party sites” as laid out in the EPA Best Practice Guideline 2021 - for the preparation of resource & waste management plans for construction & demolition projects.