How to Identify Sustainability Risks & Adverse Impacts: Highlights from CSR Europe's “Due Diligence in Action” Atelier Series
In the second session of the “Due Diligence in Action” Atelier series, industry leaders gained practical insights on effective strategies for implementing risk assessment practices within the OECD Due Diligence Guidance for Responsible Business Conduct and the Corporate Sustainability Due Diligence (CS3D) framework. Corporate members are invited to register for the next session on “Building Resilience: Prevention, Remediation & Grievance”, taking place in Brussels on 16th October.
On the 23rd of April, corporate members of CSR Europe convened in Brussels for the workshop “How to Identify Sustainability Risks & Adverse Impacts”. This was the second session of the "Due Diligence in Action" Atelier series and focused on to exploring strategies for implementing effective risk assessment practices within the framework of the Corporate Sustainability Due Diligence Directive (CS3D) and the OECD Due Diligence Guidance for Responsible Business Conduct.
Throughout the half-day event, representatives of different companies explored practical steps for identifying and evaluating adverse impacts on human rights and the environment across corporate operations and supply chains. Following a comprehensive explanation of the second step in the six-step due diligence process by Bettina Grabmayr, Director Methodology & Research at EcoVadis, participants engaged in a group exercise centred around a risk assessment scenario. The exercise aimed to establish and implement effective risk assessment practices, considering:
Risk & Stakeholder Identification
Risk Prioritisation
Risk Evaluation
Industry experts, including speakers from Euroclear, Titan Cement, and Umicore, enriched the discussions with valuable case studies and experiences. They provided first-hand insights on the integration of sustainability considerations into business operations. To conclude the workshop, the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) highlighted supporting measures and policies available to assist companies in aligning with the requirements outlined in the CS3D.
WHAT COMES NEXT?
CSR Europe corporate members are invited to participate in the next two events of the CSR Europe's "Due Diligence in Action" series:
Building Business Resilience: Prevention, Remediation & Grievance, taking place at the CSR Europe headquarters in Brussels on Wednesday 16th October 2024.
Not a member yet? Discover the many benefits of being a corporate member of the leading network for Corporate Sustainability and Responsibility in Europe.
For more information:
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