In today’s world, being on top of your social impact as a company and investor is critical. Society, and increasingly binding legal frameworks, demand it. At the same time, social impact now represents the top source of corporate controversies.
At Big Village Data, we empower companies and investors by measuring and analysing social risks, and helping them see opportunities, mitigate risks, and implement compliance effectively. Our approach helps you bridge the gap between policies and real-world outcomes.
What sets us apart? We focus on the perspectives that matter most: workers, communities, and suppliers. By understanding impact through their eyes, we deliver unprecedented insights into the opportunities and risks that are relevant for your reputation, financial performance, market value, and legal obligations.
European legislation like the Corporate Sustainability Reporting Directive (CSRD) and the European Green Taxonomy now mandate impact data derived from meaningful engagement with affected stakeholders in supply chains and local communities. Upcoming directives, such as the Corporate Sustainability Due Diligence Directive, will make stakeholder engagement a legal requirement. If effective methods exist, regulators will expect companies to use them. This legislation won’t just affect European businesses—it’s set to impact companies worldwide, including in the US, Canada, UK, and China. In addition, states are adopting their own legislation, for example, the US Uyghur Forced Labor Act and the Australian Modern Slavery Act. Are you ready to meet these demands?
Beyond legal mandates, international standards like the UN Guiding Principles on Business and Human Rights, the updated 2023 OECD Guidelines for Multinational Enterprises, the Global Reporting Initiative (GRI), and the International Sustainability Standards Board (ISSB) are also relevant. They also emphasize the need for effective stakeholder engagement.
In short: having reliable data from rights holders isn’t optional—it’s a critical tool to align with these frameworks and safeguard your reputation!
Copyright 2024, Big Value Data. All Rights Reserved.