Superintelligence, enabling the world's largest supply chains:
Superintelligence, enabling the world's largest supply chains:
What is the CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation that means companies must report on the environmental, social, and governance (ESG) impact of their activities. While this aim is vague, CSRD compliance is very specific: you must complete double materiality assessments, collect emissions data, and pass independent audits – or face significant legal consequences.
If your company is among the 50,000 required to comply with the CSRD, this may seem like a huge undertaking. That’s where Prewave comes in: our AI-powered approach to CSRD success simplifies your efforts.
Using Prewave, you can identify and collect data on CSRD-relevant factors, mitigate potential risks, and streamline reporting: helping you comply with minimum business interruption.
Step-by-Step: Achieve CSRD Compliance with Prewave
3. Streamline Reporting
Smart automations reduce your compliance burden: saving time and resources by integrating real-time insights and automating your CSRD reporting.
1. Collect ESG Data
Prewave’s CSRD solution helps you identify and collect data from more than 1,000 data points: enabling you to process quantitative and qualitative data efficiently.
2. Assess ESG Risks
Our AI-powered, CSRD-specific risk assessment identifies ESG-relevant risks outlined by the ESRS: climate change, pollution, and social metrics.
Time to Act on CSRD: The Unique Value of Prewave
Network Effects
Benefit from data collected from other companies, enabling a rapid response to issues at shared suppliers.
Multi-Compliance
With Prewave, you can reuse collected data for compliance with other regulations. Our established tools for LkSG, EUDR, and CSDDD compliance form a robust foundation for our CSRD solution.
Tier-N Transparency
Visualise data on working conditions, emissions, and environmental impact throughout your value chain. Tier-N monitoring helps you trace and verify data: for your suppliers and their suppliers too.
Proactive Resilience
Achieve maximum ROI. Beyond CSRD compliance, Prewave helps you improve supply chain resilience. By integrating risk data with your purchase and revenue information, you can take targeted actions where they have the greatest impact.
Action Platform
Address CSRD issues before they become significant. Once high-impact suppliers have been located, you can mitigate risk by choosing actions from auditing to offboarding.
Helping Customers Succeed
“Prewave has transformed our supplier risk management at Magna International. With the ability to assess over 150 different risks across our entire supply base, we now make more informed business decisions and efficiently check for risks in the ESG realm. The communication and collaboration with our suppliers have significantly improved, aligning with our commitment to an ethically sensitive environment. Prewave’s time-saving capabilities and reliable data make it an excellent tool for us, enhancing productivity on a scale that would otherwise require an enormous workforce. It’s a game-changer for us at Magna International.”
Andre Ertl
VP of Supplier Risk Management at Magna International