How the Corporate Sustainability Reporting Directive could impact businesses globally

This episode of the Sustainability Matters podcast puts the spotlight on Europe and the new Corporate Sustainability Reporting Directive (CSRD).
Host Bruno Sarda is joined by Dr. Christian Orth, EY Global Solution Leader for Sustainability Reporting and Assurance, and Elodie Timmermans, EY America’s Nonfinancial Reporting Assurance and Advisory Leader, who looks at the implications of CSRD for businesses in North America.
Episode release date: February 8, 2023.
Key takeaways:
• The CSRD is an important part of delivering the European Green Deal - the journey to a carbon-neutral Europe.
• It encompasses not just climate change but broader Environmental, Social and Governance metrics.
• It will dramatically increase the number of businesses who are subject to mandatory ESG disclosures from 15,000 to over 50,000.
• CSRD will impact non-EU companies, called Third-country companies, that have substantial activity in the EU.
• Businesses should prepare now, aligning finance and sustainability teams and involve the C-suite.
• Successful reporting needs a holistic approach that involves the entire organization.
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