CSR report 2023

The Corporate Sustainability Reporting Directive (CSRD) is a directive from the EU that sets requirements for companies’ sustainability reporting. From 2024 onwards, all large listed companies must report on sustainability according to special standards. The standards go by the name ESRS. The rules will cover more companies in the coming years.

The purpose of the new rules is to ensure that companies both in Denmark and other EU member states report on sustainability in the same way.

It should help to increase transparency, so that, among other things, becomes easier for investors and other stakeholders to understand a company’s sustainability initiatives when they want to invest or enter into new cooperation agreements.

Although it is not directly a legal requirement for Novadan to report in relation to CSRD, we nevertheless prepare an annual CSR report. We do this partly to make our sustainability initiatives visible to our suppliers and customers for use in their CSRD reporting, partly because we as a company want to measure and document our efforts in this area. We want to be at the forefront of sustainability work and contribute to solving the challenges the world faces: climate, environment, health, scarcity of resources, rights, security, etc.