Get ready for CSRD
Sustainable business practice is no longer optional. The public are demanding direct and immediate action to curb climate change, while investors are increasingly seeking credible markets for sustainable investments.
Moreover, in October 2022 the European Commission (EC) intends to adopt the first set of standards of Corporate Sustainability Reporting Directive (CSRD).1 This will require more organisations than ever before to submit annual reports according to EU sustainability reporting standards, detailing their impact on their own organisation, on people and on the environment.
The EC says existing reporting is not good enough – reports are swayed by what investors and stakeholders think is important and it’s difficult to make comparisons between two or more companies – and the new CSRD intends to change that.