Tips for Compliance with Complex CSRD Requirements: Own Workforce

Partners Holtara and Diversio deliver joint webinar to share guidance for ESRS Standard with the CSRD regulation
Live, virtual webinar | June 27, 2024 at 10 AM ET

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Holtara, and Diversio are partnering to ease the burden of diversity and inclusion-related reporting, such as those required by Corporate Sustainability Reporting Directive’s (CSRD) new European Sustainability Reporting Standards (ESRS) on workforce reporting. This collaboration is designed to help companies navigate the complexities of reporting requirements that apply to large publicly listed companies as of 2024, and to smaller publicly listed and unlisted companies by 2026. 

European Sustainability Reporting Standards

The goal of CSRD is to close the gap between financial and sustainability-related information. It has proposed to do this by increasing consistency of information and format, adding a double materiality perspective including value chain, and of course enabling comparison with the extensive ESRS’s. Of this last component, one of the most challenging topics to report on is Standard 1: Own Workforce (S1), which is why Holtara and Diversio are teaming up to provide solutions for those in scope. 

The S1 ESRS mandates over 700 potential reporting elements on a variety of workforce-related aspects, including diversity metrics, workforce policies, accommodations for persons with disabilities, work-life balance, and compensation. The 12 key disclosure topics aim to increase transparency and accountability in business practices. 

As the initial reporting period commences, companies face numerous challenges in meeting these extensive requirements, such as the risk of inaccurate or incomplete data collection, data privacy and security concerns, and the complexity of collecting demographic data across different legal jurisdictions. Non-compliance can lead to significant financial penalties and reputational damage.

Holtara & Diversio bringing you solutions

To address these burdens, Holtara and Diversio have developed services that will ensure efficient and compliant data collection and reporting across the EU and other regions. Holtara and Diversio are collaborating in a webinar with clients who have already started preparing for the lengthy ESRS reporting and can share insights so far. This webinar will cover:

  1. Quickfire: What is the ESRS S1: Own Workforce and where does it fit into CSRD compliance?
  2. Deeper dive: What are the disclosure requirements for S1 and where do the main challenges of this module lie?
  3. Hear from your peers: What are the Tips and Tricks that Holtara’s and Diversio’s clients have found so far in preparing for this module?
  4. Getting prepared: What are the next steps for those in scope?

This webinar will not only aid in understanding ESRS requirements but also in showing how data collection and reporting can be as simple as possible for anyone in scope. This includes ensuring easy traceability for when the auditors are required to verify data. 

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Clients will benefit from the combined strengths of both companies: Holtara’s long-standing expertise and comprehensive service in sustainability reporting and advisory, alongside Diversio’s advanced workforce reporting platform, known for its enterprise-grade security and compliance features. Diversio’s platform is uniquely able to maximize diversity reporting through cross-border compliance, unparalleled benchmarking, and AI-powered recommendations. This is ideal for clients wanting to ease the burden of granular diversity reporting for their CSRD assessment. For those requiring support across all pillars of Environment, Social and Governance CSRD topics, Holtara provides such a service, complementing Diversio’s solution. 

This partnership underscores both companies’ commitment to advancing compliance solutions that meet the evolving needs of businesses striving for sustainability and ethical operations.

“We recognize the complexity of CSRD and the challenges that many firms will face preparing for and complying with this regulation. We are committed to helping our clients navigate and comply with sustainability related regulation and our partnership with Diversio to simplify reporting on workforce related metrics is an important addition to our suite of solutions”
Emma Bickerstaffe, Managing Director, Holtara

“I am thrilled to join forces with Holtara for our upcoming webinar and partnered services. This collaboration signifies a significant step forward in tackling the intricate landscape of ESRS compliance, especially concerning workforce reporting. I look forward to sharing invaluable insights, cutting-edge strategies, and revolutionary solutions to empower businesses in navigating these challenges with unwavering confidence and integrity.” 
Laura McGee, CEO of Diversio

If you are interested to hear from our clients who have used our services to help meet the CSRD requirements, sign up to our webinar where they will share their experiences to help you with yours.

Register for the session here →

Topics to be discussed:

  1. Quickfire: What is the ESRS S1: Own Workforce and where does it fit into CSRD compliance?
  2. Deeper dive: What are the disclosure requirements for S1 and where do the main challenges of this module lie?
  3. Hear from your peers: What are the Tips and Tricks that Holtara’s and Diversio’s clients have found so far in preparing for this module?
  4. Getting prepared: What are the next steps for those in scope?

Session Panelists

Laura McGee head shot

Aga Siemiginowska (she/her)
Head of Sustainability
Oakley Capital

Emma Bickerstaffe head shot

Emma Bickerstaffe (she/her)
Managing Director
Holtara

 Anya Klimbovskaia head shot

Anya Klimbovskaia (she/her)
Co-founder and COO
Diversio

Registration options

  • Live Participation: Save your spot for the live webinar to actively engage with the content, ask questions, and take part in discussions.
  • Webinar Replay: If you can’t make it live, no problem! Register to receive the webinar recording, slides, and resources afterward. You can explore the valuable insights at your own pace.

Register for the session here →

Accessibility info

  • Captions for All: We’re committed to inclusivity. The webinar will have automated captions to make it more accessible to everyone.
  • Recording & Resources: After the live session, you can access the recorded webinar, and extra resources to suit different learning styles and preferences.

For more information on this event, Diversio, or how we can help you start your DEI program contact us at info@diversio.com

Meet the hosts

About  Holtara:

We are the go-to ESG service provider for 400+ GPs & LPs for more than 15 years. We help to ease reporting burdens for 3000+ companies on the topics of ESG and sustainability. We are a global team of 150+ ESG, climate, regulatory, data, and impact specialists, speaking 10+ languages. Our client service is excellent and is complemented by our tailored, scalable software. We offer the ability to independently verify client data to ensure accuracy and credibility.

About Diversio:

Diversio is the global Workforce Inclusion platform that measures, tracks, and improves Diversity, Equity, and Inclusion. By connecting artificial intelligence (AI) technology, sophisticated data analytics, and knowledgeable subject matter experts, Diversio can accurately diagnose areas for improvement, provide robust benchmarking, and create a custom action plan that will help organizations unlock and engage the high-performer in every employee. Through the unique combination of technology and human expertise, Diversio is driving meaningful impact for organizations in over 40+ countries globally.

Kate Stone
Kate Stone
Kate Stone leads marketing at Diversio with 10+ years of experience in marketing and visual communications – over 6 of which are in the technology industry. Kate is passionate about communicating inclusion’s impact on businesses, workplace culture, and individuals. Kate is a US citizen and enjoys advocating for the environment and endangered species, improving her strength and endurance, and practicing watercolor painting and mixed media arts.
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