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Scanfil Progressing Well in its CSRD
November 29, 2024 | ScanfilEstimated reading time: 1 minute
The Corporate Sustainability Reporting Directive (CSRD) is a significant legislative measure introduced by the European Union (EU) to enhance the transparency and accountability of companies regarding their environmental, social, and governance (ESG) impacts.
Scanfil started preparing for the CSRD in 2023. Data collection with an audit trail and the first draft report were produced in August 2024. All the hard work will pay off in early 2025, when Scanfil’s first CSRD report will be published.
The CSRD aims to provide investors, analysts, consumers, and other stakeholders with clear and consistent information about a company’s sustainability performance. This transparency and standardized reporting enable stakeholders to compare and make better-informed decisions based on reliable ESG data. Companies must report not only how their activities impact the environment and society, but also how sustainability matters affect their financial performance. This dual focus ensures a holistic view of a company’s sustainability efforts, and it is called Double Materiality Analysis.
To ensure the accuracy and completeness of the reported data, the CSRD requires third-party auditing of all disclosures. This independent verification adds an extra layer of trust and reliability to the reported information.
Does all this create value for the companies? By providing clear and consistent ESG data, companies can build greater trust with customers, investors, and other stakeholders. This transparency can attract more interest and drive company revenue, profitability, reputation, and the price of money. It is sometimes forgotten that reporting on sustainability metrics can highlight areas where companies can improve efficiency, such as reducing energy consumption or waste. These improvements can lead to cost savings and operational benefits.
This aims to reduce pollution, better resource management, and overall positive environmental outcomes. It can also lead to improved working conditions, fairer treatment of employees, and stronger community relations.
The CSRD represents a significant step forward in promoting sustainability and transparency in the corporate world. By mandating comprehensive and standardized sustainability reporting, the directive benefits both companies and society, fostering a more sustainable and accountable business environment.
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Sweeney Ng - CEE PCBSuggested Items
New Fil Arzola Class: Designing for the Future, and for Sustainability
10/07/2025 | Andy Shaughnessy, I-Connect007If you have not yet taken a class from Fil Arzola, you are missing out. In late October, Fil will be teaching the class "Building Sustainable Model-Based PCBs," speaking from the design perspective. I had the pleasure of catching this course at last year's IPC APEX EXPO, and I walked away with a lot to think about. I asked Fil to discuss his upcoming course. Registration is open now.
ICAPE Group Unveils Exclusive Report on Sustainability in Electronics Manufacturing
09/15/2025 | ICAPE GroupICAPE Group, a global leader in printed circuit boards (PCBs) and custom electronics manufacturing, today announces the launch of its 2025 Industry Outlook & Innovation Report: Sustainability in Electronics Manufacturing. This exclusive report is accompanied by fresh insights from a dedicated Statista survey of 100 electronics manufacturing professionals, commissioned by ICAPE Group.
Sustainability and Selective Soldering
09/15/2025 | Dr. Samuel J. McMaster, Pillarhouse InternationalSustainability is more than just a buzzword for the electronics industry; it’s a key goal for all manufacturing processes. This is more than a box-ticking exercise or simply doing a small part for environmentally friendly processes. Moving toward sustainable solutions drives innovation and operational efficiency.
I-Connect007 Editor's Choice: Five Must-Reads for the Week
08/22/2025 | Andy Shaughnessy, I-Connect007In this week’s roundup, we have a variety of articles covering design, manufacturing, sustainability, and, of course, tariff negotiations. We have a milestone anniversary to celebrate as well, with Dan Beaulieu about to publish his 1,000th column. When does Dan even sleep? Here’s to hoping that we have 1,000 more weeks of "It’s Only Common Sense."
How Good Design Enables Sustainable PCBs
08/21/2025 | Gerry Partida, Summit InterconnectSustainability has become a key focus for PCB companies seeking to reduce waste, conserve energy, and optimize resources. While many discussions on sustainability center around materials or energy-efficient processes, PCB design is an often overlooked factor that lies at the heart of manufacturing. Good design practices, especially those based on established IPC standards, play a central role in enabling sustainable PCB production. By ensuring designs are manufacturable and reliable, engineers can significantly reduce the environmental impact of their products.