Elevating Our ESG Commitment: SHV Enters the CSRD Era

SHV’s long standing ESG philosophy now sees a significant regulatory shift with the introduction of Corporate Sustainability Reporting Directive (CSRD).

CSRD strengthens and standardises what SHV has always prioritised; integrating ESG into the core of our business architecture. All SHV Business Units, including SUPERGAS, are actively leading this transition of elevating our sustainability commitment to an even higher standard of transparency, accountability, and impact.

To facilitate this transition we are building robust systems and processes capable of delivering exceptional ESG reporting.

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What is CSRD?

The Corporate Sustainability Reporting Directive (CSRD) is a regulatory mandate that fundamentally changes how businesses report their environmental & social impact and governance. Essentially, it elevates sustainability reporting to the same level of importance and rigor as financial reporting.

This transformative regulation anchored in the European Green Deal's ambitious vision for climate neutrality by 2050, now demands transparency, consistency, and accountability from 50,000 EU companies, including SHV.

Why it Matters?

The CSRD is designed to bring transparency and consistency to the business:

1. Building Genuine Trust: By requiring companies to provide detailed, audited data, the directive ensures that sustainability claims are backed by facts rather than just marketing.
2. Double Materiality: This unique approach forces companies to report on two fronts: how sustainability issues affect their business, and how their business activities affect the planet and society.
3. Standardised Data: The directive provides a standardized "common language" for sustainability. This clarity makes it easier for teams to set goals, track achievements, and celebrate milestones alongside their industry peers.