The study on the sustainability disclosures of 100 influential companies from high-impact sectors provides an early reflection on the general readiness for businesses in the EU to meet the expectations of the upcoming EU sustainability rules and standards. Our report contributes to identifying the main challenges, as well as to highlight emerging good practices.
Following the EU Corporate Sustainability Reporting Directive (CSRD), large companies will start to report in accordance with the first set of sector-agnostic European Sustainability Reporting Standards (ESRS) in 2025.
This legal framework was adopted to enhance and modernise companies reporting on sustainability matters, with the objective of addressing a market failure in providing relevant, comparable and decision-useful sustainability information.
We assessed the presence and quality of key disclosures according to the requirements and expectations of the EU Sustainability Reporting Standards on:
We examined sustainability statements of 100 influential EU companies in top 5 high-impacts sectors prioritised for the development of EU sector standards: Textiles, Finance, Road Transportation, Energy, Food & Beverage.
The evidence and recommendations drawn from this research aims to support
On November 19, we will hold a webinar presenting the key findings and recommendations of the study. We will also put in context the main aspects gaining attention in the political sphere.
Look forward to hearing from:
At the end of March, we founded the Community Energy Union with the goal of creating a clean and safe future for the Czech Republic. In 2021, as Frank Bold, we held a series of online and offline workshops to identify weak spots and gain the support of a number of important stakeholders who are now members of our Union.
The Russian war in Ukraine has, in addition to the COVID-19 global pandemic, once again highlighted the need for corporate human rights and environmental due diligence (HREDD) regulation, such as the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD).
The next months are key to determining what kind of sustainability data companies will disclose. For the transformation to an economy within planetary boundaries, we call on the ISSB to develop standards that go beyond climate, require reporting on key impact data and ensure climate-related disclosures are sufficiently granular to be meaningful.
