Starting in early 2025, companies operating within the European Union (EU) will need to report on their practices for including disabled people. This requirement is part of the new EU Directive on Corporate Sustainability Reporting (CSRD), which highlights the importance of disability inclusion in corporate sustainability efforts.
The European Disability Forum has outlined that these reporting requirements will be introduced in stages. Initially, companies will need to comply with the standards in the financial year 2024, with reports due in 2025. Small and Medium Enterprises will have until 2026 to start reporting.
Key reporting requirements include:
- The proportion of disabled employees, along with details on how this data was gathered.
- A summary of the company’s policies aimed at preventing discrimination and promoting diversity and inclusion, specifically addressing disability.
- Positive impacts on customers and end-users, such as product designs that enhance accessibility for disabled people or commitments to making online services accessible.
- Measures taken by the company to understand the perspectives of its workers who may be particularly vulnerable or marginalised, such as women workers, migrant workers, and workers with disabilities.
Although these EU regulations do not directly impact New Zealand companies unless they have significant operations in the EU, they reflect a growing global trend towards disability inclusion in corporate sustainability. Forward-thinking New Zealand organisations, especially those with international operations or aspirations, should view this as an opportunity.
New Zealand companies like Fonterra, Zespri, Fisher & Paykel Healthcare, and Air New Zealand may need to comply with these regulations due to their significant operations in the EU. This article on Sweep has more information about the non-EU test - What Does the CSRD Mean for Non-EU Companies?
By proactively adopting similar reporting practices, organisations can enhance their global competitiveness, demonstrate leadership in corporate social responsibility, and reinforce their commitment to creating truly inclusive workplaces. This proactive approach not only prepares businesses for potential future regulations but also positions them as pioneers in fostering diverse and accessible work environments.
Embracing disability inclusion is not just about compliance; it's about leading the way towards a more equitable and inclusive future. By proactively adopting these reporting practices, New Zealand companies can set a powerful example on the global stage. This commitment to inclusivity will not only enhance their competitiveness and corporate social responsibility but also create workplaces where everyone can thrive.
Let's seize this opportunity to pioneer change, foster diversity, and build a more inclusive world for all.
