The Corporate Sustainability Reporting Directive (CSRD) introduces sweeping new disclosure requirements for companies operating within the European Union. Part of a broader suite of policies designed to help the bloc meet its climate commitments, CSRD requires companies in scope to report; both qualitatively and quantitatively, on a wide range of environmental, social and governance (ESG) topics.
It will require a cultural shift within corporates to gather, interrogate and report on the sheer volume of information to be disclosed, although transitional phase-in arrangements will lighten the reporting load in the first few years.
In order to translate the high-level rules and objectives of the directive into structured reporting requirements, the European Commission has tasked EFRAG, the European Financial Reporting Advisory Group, with developing the detailed reporting standards known as the European Sustainability Reporting Standards, or ESRS.
The Corporate Sustainability Reporting Directive is coming - are you ready?
Is your business in a position to quantify and report on its exposure to climate risk? Now is the time to prepare for the CSRD. Download our Corporate Sustainability Reporting Directive paper to find out what’s involved and how you can prepare for the latest EU regulation.