What the Corporate Sustainability Reporting Directive might achieve

18 November 2024

The Corporate Sustainability Reporting Directive (CSRD) is now in force across the EU, with the first sustainability statements set to be published in 2025. This directive requires companies operating within the EU to publicly disclose information on their environmental, social, and governance (ESG) performance. Businesses must prepare to meet these more rigorous transparency obligations and demonstrate their commitment to sustainability.

In our latest publication in Environment Analyst, we explore how the CSRD is set to reshape corporate sustainability. The chapter explores the double materiality approach, which requires companies to report not only on the risks posed by sustainability challenges but also on the impact their operations have on people and the planet.

While there are technicalities to get to grips with, the CSRD offers significant opportunities. It encourages cross-functional collaboration, strengthens risk management strategies and has the potential to transform organisations by embedding sustainability into core business strategies.

We also look ahead to the challenges yet to be addressed:

Will the CSRD result in better stakeholder engagement?
Can it drive industry collaboration to solve systemic challenges?
And how will external assurance improve confidence in sustainability disclosures?

As we enter into a new reporting era, this chapter provides insights into what we know so far and what businesses need to consider in order to achieve success under the CSRD.

Download the full guide via the Environment Analyst website to learn more about how the CSRD will impact your business and the future of sustainability reporting.

Get in touch with our Sustainability team

If you would like further information on CSRD or anything covered in the chapter, please do not hesitate to get in touch with a member of our Sustainability team.

Explore related Sustainability and CSR pages

Reporting and regulation

Sustainability reporting enables organisations to demonstrate their impact on the economy, environment, and people. However, the landscape is rapidly evolving, with regulatory changes in multiple jurisdictions.