Corporate Carbon Footprints are Top of Mind
The Corporate Sustainability Reporting Directive - adopted by the EU in November 2022 - changes the scope and nature of sustainability reporting for all large and/or publicly listed corporations. This will significantly expand existing regulations for reporting.
Sustainability has moved beyond a mere trend. This fact is proven by various regulatory measures, in particular the CSRD (Corporate Sustainability Reporting Directive), which outlines ESG (environmental, social, and corporate governance) reporting requirements .
With the Green Deal, the EU outlines a plan to become carbon neutral by 2050. The first essential step to this important goal is corporate disclosure of specific, comparable and reliable sustainability data. These new legal requirements will create clarity around what exactly sustainability means across industries and what the next steps are to carbon neutrality.