Jolint is part of the Founders Loft incubator
EU directive for sustainability and inclusion put Jolint in focus
The Swedish company Jolint is creating a unique data-driven tool with a solution that allows organizations to measure and enhance inclusivity and a sense of belonging in the workplace. The new EU directive, the Corporate Sustainability Reporting Directive (CSRD), means that Jolint's innovation can become a valuable tool for companies and organizations as they aim to report more detailed information regarding inclusion.
"We applaud the EU's new Corporate Sustainability Reporting Directive for elevating corporate responsibility in diversity and sustainability. This directive aligns perfectly with Jolint's mission and our data-driven approach to DEIB. We're excited to help organizations meet these new standards and foster more inclusive workplaces."
- Faheem Shah, co-founder Jolint
November 28, 2023: The EU Council has recently approved the final version of the CSRD, marking a milestone for companies in Europe. This directive will require them to disclose more detailed information on sustainability issues, including diversity matters.
The primary purpose of the CSRD is to increase corporate accountability and facilitate the transition to a sustainable economy. It also aims to provide investors and other stakeholders with better tools for making informed decisions on sustainability issues. By making companies more transparent, it becomes possible to assess their impact on society and the sustainability of their business models in the long run.
Changes in the rules for sustainability reporting:
In the future, the new rules for sustainability reporting will apply to:
Large companies of public interest with more than 500 employees.
All large companies with more than 250 employees and a turnover of 40 million euros.
All companies listed on regulated markets, with the exception of micro-companies.
These rules also include publicly traded small and medium-sized enterprises, although there are exceptions during a transition period that allow for a deferred application of the directive until 2028.
In practice, this means that more companies than ever will be obligated to disclose how they impact society by reporting on their sustainability performance and how external sustainability factors, such as climate change and human rights issues, affect their operations.
The new EU directive CSRD has the potential to create a fairer and more sustainable business environment, and the company Jolint looks forward to playing a role in helping organizations meet these new requirements while promoting inclusion and sustainability in their workplace cultures.
About Jolint
Jolint assists organizations in creating more inclusive and diverse workplaces. Their data-driven platform uses advanced analytics and machine learning algorithms to track and measure the effectiveness of diversity, equity, and inclusion (DEI) initiatives.
Jolint believes that DEI is not just a buzzword or a checkbox to be ticked, but a critical business priority that can drive positive change and unlock new opportunities for growth and innovation. By using Jolint's automated platform, companies gain real-time insights into the state of inclusion and belonging within their organizations. This enables them to track progress and measure the impact of DEI initiatives.
The platform will be a game-changer for companies looking to build more inclusive cultures, providing them with the tools and insights needed to drive positive change and create more diverse and inclusive workplaces where all employees can thrive.
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