Hailiang Metal Europe's CSRD Compliance Journey

This document is a case study detailing Hailiang Metal Europe's (HME) efforts to achieve compliance with the Corporate Sustainability Reporting Directive (CSRD) through a partnership with BearingPoint. It outlines HME's commitment to sustainability and the challenges faced by non-EU companies in adhering to the new regulations. The case study describes the steps taken by HME, including an as-is assessment, double materiality assessment, and gap analysis to align with the European Sustainability Reporting Standards (ESRS). Additionally, it highlights the development of an internal carbon accounting process based on the ISO 14064-1:2018 standard to manage greenhouse gas emissions. The document emphasizes HME's proactive approach to sustainability, which sets a benchmark for other Chinese companies expanding globally. It also discusses the benefits of a comprehensive corporate governance structure and the establishment of an ESG Data Architecture to enhance compliance and operational efficiency. HME's journey serves as a model for corporate sustainability and long-term success in the global market.