Policymakers in Europe, the United States, and Asia have embraced policies aimed at providing more transparency in environmental performance.
In this context, it will be crucial for anyone doing business to adapt their strategies to the new directives, outlining goals for future sustainability, and turning them into an opportunity to differentiate and improve the appeal to clients, stakeholders, and investors.
Companies are increasingly expected to demonstrate responsible environmental practices and transparency in their operations to comply with regulations and stakeholders’ increasing requests. Environmental Regulations and Standards encompass a wide range of areas, including emissions control, waste management, resource conservation, and pollution prevention.
The Sustainability reporting, introduced for European companies with the EU Directive 95/2014, represents to date in the international reporting landscape, the starting point of a continuously evolving path that aims to meet numerous challenges, first and foremost the integrated management of non-financial information, structured in a framework that can be as comprehensive as possible, to be placed alongside classic financial reporting.
As matter of facts EU CSDDD will affect companies, but how is this going to happen? Here you can find the answer
If the beginning of the year 2022 has brought great innovations in the development of legislative issues concerning the financial disclosure envisaged by many companies in the process of due diligence in the area of sustainability, this is largely due to the European Union's proposal concerning the 'Corporate sustainability Due Diligence Directive', CSDDD for short, published last February 2022.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership.
We are glad to announce that the European Commission has officially adopted the European Sustainability Reporting Standards (ESRS) as of July 31st, 2023.