The European Commission has now adopted the sustainability reporting standards that will be mandatory for companies in-scope of the European Union’s Corporate Sustainability Reporting Directive (CSRD).
- The standards cover various environmental, social and corporate governance (ESG) topics including climate change, pollution, water, treatment of workers in the value chain and business conduct. The reporting standards clarify which areas of reporting are mandatory for all companies reporting and which are subject to materiality assessments.
- Companies should start preparing for their CSRD reporting now. Some companies will be required to report extensively on sustainability matters from 2024.
For full insight into the mandatory ESG reporting Standards the full article can be found here. Please reach out to our team if you have any questions.