Introducing our newest Thrust Calculator feature: Climate Compliance Checklists! This innovative new feature offers tooling and guidance for organizations needing to comply with global sustainability regulations.
Regulatory pressure is rising across many jurisdictions, and to maintain a fully compliant travel program, you need to understand the impact of these regulations on your business. Our climate and policy experts have built a step-by-step guide straight into our solutions to ensure your compliance with incoming global regulations—starting with the EU’s Corporate Sustainability Reporting Directive (CSRD).
What is CSRD?
CSRD is the most high-profile and demanding of the new climate regulations, and for many organizations it requires action from 2024. It focuses on expanding sustainability reporting where companies must report on Scopes 1,2, and 3 emissions annually, including business travel as part of Scope 3 emissions. All emissions must be reported in full, including supplier data, with any offsets listed separately. Other key requirements include disclosing long-term emissions targets, aligning plans with a 1.5°C net-zero scenario, and reporting on your progress towards these goals.
Unsure of what CSRD means for your business?
Use our free tool to determine the risk that CSRD represents to your travel program.
How does it work?
The core functionality of this feature is to make it simple for companies to become climate compliant. The Checklist outlines the key tasks that must be completed to comply with CSRD requirements and ensures organizations are aware of necessary procedures, such as compiling sustainability data, adhering to ESG standards, preparing compliant reports, and meeting submission deadlines.
Now available as part of Thrust Calculator, here’s a sneak peak of what it looks like…
This is just the tip of the iceberg. Want to learn more about this feature?
Looking to the future
As more regulations come into effect globally (e.g. California’s Climate Corporate Data Accountability Act) and clarity over reporting requirements improve (e.g. The EU’s Corporate Sustainability Due Diligence Directive), we will be expanding our Compliance Checklist to include any other relevant regulations.
Preparing your travel program for compliance with incoming EU Climate regulations?
Read our comprehensive guide for a detailed synopsis and action plan.
