UK companies may be affected by the CSRD in the following scenarios:

1. Listed Securities: Companies with securities listed on an EU regulated market must comply with CSRD reporting obligations, regardless of their location.

2. EU Net Turnover: Companies with an EU net turnover exceeding €150 million over the past two consecutive years are subject to the CSRD if they have:

   • An EU subsidiary that is a large undertaking or has listed securities, or

   • An EU branch generating over €40 million in turnover in the previous financial year.

As the European Union sharpens its focus on sustainable finance, the recent adoption of the European Green Bond (EuGB) standard marks a pivotal step in ensuring that funds raised for green projects are used responsibly and transparently. For public bodies accessing green finance, this development highlights the critical need to report on their sustainability practices and maintain a proper audit trail for scrutiny. Hub360 is a crucial tool in achieving these objectives, ensuring that public sector entities not only comply with new regulations but also set a benchmark for transparency and accountability in green finance.

On 5th July 2024, the European Union (Corporate Sustainability Reporting) Regulations 2024 were signed into law by Minister Peter Burke. These regulations, which come into effect on 6th July 2024, are set to significantly change the landscape of corporate reporting across Europe. As part of a broader effort to align with the European Green Deal and the EU’s Action Plan for Financing Sustainable Growth, these regulations impose stringent new requirements on companies, particularly in the areas of sustainability and governance. The introduction of these regulations highlights the growing importance of environmental, social, and governance (ESG) considerations in business operations.

The construction and demolition (C&D) sector is a significant contributor to waste generation, accounting for approximately one-third of all waste produced annually in the European Union. With C&D waste consisting largely of excavated soil and stone (around 85%), along with materials like concrete, brick, tiles, glass, metal, plastic, and wood, managing this waste stream effectively is crucial. At Hub360, we are committed to helping organisations in the construction sector implement sustainable waste management oversight that align with evolving regulations and contribute to the circular economy.

The concept of a circular economy—where resources are kept in use for as long as possible, extracting maximum value before recovering and regenerating products and materials at the end of their service life—is crucial for the construction industry. With construction and demolition activities accounting for a significant portion of global waste, the sector is at the forefront of the circular economy challenge. However, without the proper digital tools to track material flows, monitor waste streams, and ensure compliance with sustainability directives, achieving circular economy goals remains out of reach.

Starting 1 September 2024, Ireland will see a significant change in its waste management regulations. The Waste Recovery and Landfill Levy Regulations will be amended to remove exemptions for Construction and Demolition (C&D) waste. This blog delves into the implications of this change and highlights how Hub360's digital tracking capabilities will play a crucial role in this new landscape.

In May this year, the Critical Raw Materials Act (CRMA) came into effect in Ireland, marking a significant step forward in the EU’s efforts to secure a sustainable and reliable supply of critical raw materials. The Act is designed to help Europe achieve its 2030 climate and digital objectives by ensuring that these essential materials are sourced, used, and recycled in a sustainable and efficient manner.

As of 1 September 2024, the Waste Recovery and Landfill Levy Regulations in Ireland will see a major shift. Levy exemptions for Construction and Demolition (C&D) waste will be removed, impacting how this waste is managed.

Compliance with environmental regulations is a critical aspect of managing construction projects. Failure to meet these regulations could result in fines, legal issues, and damage to a company’s reputation. Hub360 offers a comprehensive solution to support your construction site staying compliant with environmental regulations. In this blog post, we will explore how Hub360 contributes to your compliance oversight, while also enhancing your overall site management.

Effective construction site management is essential for the success of any project. With numerous materials and waste to handle, keeping track of everything can be challenging. Hub360 offers innovative technology designed to streamline these processes, ensuring efficiency, accuracy, and compliance. Here are five ways Hub360 can improve your construction site management.