Normative, the leading provider of carbon accounting software, today announced a new solution designed to help companies meet the tough disclosure requirements in the European Union’s Corporate Sustainability Reporting Directive (CSRD). The strategic move comes at a crucial time as businesses in the EU and UK face ever more intricate ESG regulations.
CSRD is a fully transformed upgrade for the EU’s reporting structure of sustainability. It doubles up the number of required entities in reporting on sustainability disclosures from close to 12,000 up to over 50,000 companies. Developed in-line with European Sustainability Reporting Standards or ESRS, this piece requires companies to enhance environmental and human rights performance; more details on all related matters affecting social standards will now have to be put together while addressing sustainability risk in operations. This regulatory shift underscores the EU’s commitment to fostering transparency and accountability in corporate sustainability practices.
Its newest addition is intended to meet a need that has been growing increasingly in the wake of CSRD-compliance requirements. The company shared with its recent survey results which indicated that 82 percent of sustainability decision-makers believe that compliance will become more central to their organizations. Meanwhile, more than half or 53 percent of them cited knowledge gaps in terms of regulatory requirements and ESG frameworks as a major headache.
The CSRD-focused solution integrates advanced Normative technology with expert guidance in simplifying compliance and helping businesses leverage their sustainability obligations into strategic opportunities. Important features include AI-enabled carbon calculation to simplify data gathering; and a team of GHG-protocol-certified Climate Strategy Advisors who assist specific needs throughout the entire process, from understanding new rules and regulations to the obligation under them. In addition, it offers reduction planning services that will help businesses identify opportunities to cut costs and reduce energy consumption.
By combining cutting-edge technology with expert advisory services, according to Normative, the dual approach is more focused on making CSRD compliance practical and actionable for businesses of every size and sector. It not only directs attention to the absolute demands of regulatory compliance but also focuses on sustainability as a source of competitive advantage and connects companies’ environmental initiatives to broader strategic objectives.
Sebastien Blanc, a newly appointed CEO at Normative, emphasized the company’s enthusiasm for innovation and growth in its sustainability sector. Blanc described his experience in scaling technology business as extensive and said that he was excited to lead Normative at a critical juncture not only for the company itself but also for the bigger ESG landscape.
“Our vision is to help every organization, regardless of size or sector, to navigate the complexities of CSRD and to use it as a driver of positive change and competitive advantage,” Blanc said. “I’m thrilled to join Normative at this exciting stage of growth. Our new CSRD solution is a perfect example of innovation and strengthens our position in the carbon accounting and compliance industry. From expert guidance to cutting-edge technology, Normative will ensure that CSRD reporting becomes something practical and actionable for anyone.
Blanc’s appointment will mark an important milestone in the development of Normative. With him on board as the CEO, the company will find itself guided through the next level of growth, as it utilizes his expertise to expand its influence in the carbon accounting and compliance market. His leadership will enable the company to make more impact in the execution of a business’s compliance requirements while also serving larger sustainability objectives.
The launch of Normative’s CSRD solution reflects an increasing urgency for businesses to align themselves with new sustainability regulations. Deadlines for compliance are already looming, and companies are being forced more and more to take on the tools and frameworks that facilitate accurate, transparent, and efficient reporting. The approach developed by Normative not only addresses the immediate challenges around compliance but also underlines the potential of sustainability initiatives to drive long-term value creation.
As the CSRD refashions the landscape of sustainability reporting, Normative’s offering will position the company as a go-to partner for businesses looking to navigate the complex regulatory landscape. Through the provision of the tools and expertise required to meet the directive’s very high standards, Normative seeks to empower organizations to embrace sustainability as a central part of their operations and strategy.
The arrival of this complete solution and the appointment of Blanc as CEO signal Normative’s continued leadership in the rapidly evolving carbon accounting and compliance industry. With its approach and commitment to enabling positive change, the company is well-positioned to support businesses in overcoming the challenges and seizing the opportunities offered by the CSRD era.