CSRD: No time to lose!

Exploratory research into the application of new regulation on sustainability reporting in annual reports (CSRD) at listed companies and audit firms

Big steps needed to ensure compliant reporting of sustainability information in annual reports from 2024.
From 1 January 2024, stricter transparency requirements will apply to the reporting of information on sustainability (ESG) in the annual reports of the largest listed companies under the new Corporate Sustainability Reporting Directive (CSRD). This means, for example, that the impact of climate change on the development of the company’s market valuation becomes clear as well as the company’s impact on the environment. Ahead of the introduction of these new requirements, the AFM conducted an exploratory study into companies’ climate reporting and the related assurance provided by audit firms. This study found that big steps are needed to ensure compliant reporting from 2024. However, the AFM also found examples of good practices.

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