Tradescape: Wave of new regulatory measures set to raise the bar on sustainability for exporters
In recent years, the global business landscape has witnessed a paradigm shift towards sustainability, driven by increasing environmental concerns, social consciousness, and regulatory pressures. As a result, businesses are under increasing pressure to integrate sustainability practices into their operations, with increasing transparency required across value and supply chains. The past two years have brought an increase internationally, and particularly in Europe, in regulatory measures requiring due diligence of sustainability practices across supply chains, as well as a shift from voluntary reporting disclosures towards legislated, mandatory disclosures. This means that an increasing number of companies, including retailers, are being mandated to start reporting, not only on their climate risks, but also on the impact of their business, including upstream and downstream, on environmental and social conditions. This will have far-reaching impacts on global supply chains, and is already influencing international sourcing decisions at company level.
This Tradescape seeks to raise awareness among Western Cape exporters of the wave of new sustainability regulatory measures being implemented in Europe and around the world that will require shifts in behaviour across global supply chains, including, in particular, the EU Corporate Sustainability Reporting Directive (CSRD) and the EU Corporate Sustainability Due Diligence Directive (CS3D).
A wealth of knowledge on doing business in the Western Cape
At Wesgro, it is our mission to provide you with all the information you need about Cape Town and the Western Cape to make informed business decisions. We have hundreds of research reports available for you to access via our easy search function.
If you can’t find what you are looking for, we can help by either sourcing the information you need or commissioning the research for you.
George & Wilderness Tourism Trends: January to June 2024
Garden Route & Klein Karoo Visitor Trends: January to June 2024
Golf Tourism Trends in the Western Cape (2024)
Western Cape Regional Tourism Visitor Trends: January to June 2024
Overberg Tourism Visitor Trends: January to June 2024
In recent years, the global business landscape has witnessed a paradigm shift towards sustainability, driven by increasing environmental concerns, social consciousness, and regulatory pressures. As a result, businesses are under increasing pressure to integrate sustainability practices into their operations, with increasing transparency required across value and supply chains. The past two years have brought an increase internationally, and particularly in Europe, in regulatory measures requiring due diligence of sustainability practices across supply chains, as well as a shift from voluntary reporting disclosures towards legislated, mandatory disclosures. This means that an increasing number of companies, including retailers, are being mandated to start reporting, not only on their climate risks, but also on the impact of their business, including upstream and downstream, on environmental and social conditions. This will have far-reaching impacts on global supply chains, and is already influencing international sourcing decisions at company level.
This Tradescape seeks to raise awareness among Western Cape exporters of the wave of new sustainability regulatory measures being implemented in Europe and around the world that will require shifts in behaviour across global supply chains, including, in particular, the EU Corporate Sustainability Reporting Directive (CSRD) and the EU Corporate Sustainability Due Diligence Directive (CS3D).