Ever heard of these strange acronyms: CSRD and DMA?
PlanetBefore we dive into SHV’s climate ambitions, let’s take a moment to decode two acronyms you’ll be hearing a lot more about: CSRD and DMA.
They may sound technical, but they play a key role in shaping how SHV manages and reports on sustainability topics, including climate change.
What is CSRD – and why does SHV need to comply?
The Corporate Sustainability Reporting Directive (CSRD) is a European regulation that requires companies to report transparently on their Environmental, Social and Governance (ESG) impacts.
In simple terms, CSRD is designed to make sustainability reporting more consistent, reliable, and comparable across companies.
SHV will publish its first CSRD report for the 2027 financial year.
What does this mean for SHV?
• Each Group will be required to prepare a CSRD-compliant annual report.
• SHV will produce a consolidated CSRD annual report covering the entire Family of Companies.
• To prepare for this, SHV has already established a structured reporting program involving all Groups.
What is a DMA – and why is it important?
A Double Materiality Assessment (DMA) helps determine which topics matter most to SHV and its Groups.
Simply put:
The DMA helps identify what we should focus on i.e. what are our material topics. It assesses Environmental, Social & Governance from two perspectives:
1. Our impact on the world - Impact Materiality : How SHV affects people, society and the environment.
2. The world’s impact on us - Financial Materiality: How topics may affect SHV’s business, performance and long-term success.
What did SHV’s DMA reveal?
Each Group has carried out its own DMA and identified the sustainability topics that are most relevant to its specific business and stakeholders. Follow this, SHV did a consolidated DMA and identified 10 key sustainability topics that are most relevant across the company.
These include:
• 3 Enviromental topics covering climate usage, mitigation & adaptation
• 6 Social topics covering DEI, equal pay, human rights, health and safety, workforce training and skills
• 1 Business conduct topic covering bribery and corruption
( These topics were identified in 2025. Each year, SHV and the Groups will refresh them)
These are the topics SHV will focus on, measure and report on going forward.
