AWDC Café: CSRD

Under the Corporate Sustainability Reporting Directive (CSRD), large diamond companies will soon be expected to include a sustainability statement in their annual report. Like the financial statement, this sustainability statement will need to be verified by an auditor.

The first step in the reporting process is a “double materiality assessment” (DMA). During a DMA, a company follows a number of steps to determine which topics are important (“material”) enough to be included in the sustainability statement.

Starting a DMA from scratch can be time- and resource-consuming. This is why AWDC has asked Sustenuto to carry out a sector DMA for the diamond industry. While you will still need to customize the findings of this sector DMA to your specific operating context, the process will become a lot easier.

During this AWDC café, Sustenuto will present the key results of the sector DMA, and explain how companies can use the findings as a starting point for their individual reporting. Next, we will hear from a panel of auditors that are active in the diamond industry about their expectations towards companies. 

Questions? Contact your AWDC compliance helpdesk: trst@awdc.be or compliance@awdc.be