Definitely. Under the new EU Corporate Sustainability Reporting Directive (CSRD), companies must disclose information on business conduct matters, including:
These requirements are set out in the (draft) European Sustainability Reporting Standard G1 – Business Conduct. Companies must describe the role and the expertise of administrative, management and supervisory bodies, and the process to identify and assess material impacts, risks and opportunities arising from business conduct matters.
Preparing meaningful disclosures under the Business Conduct standard will require companies to re-examine how they conduct business at the deepest level. Boards and Executives will need to embrace sustainability by adopting transparent business practices aligned with the global frameworks embodied in the standard. Adopting these business practices will benefit your business and all stakeholders. Putting your head in the sand is not an option.
At EisnerAmper we make sustainability simply sustainable.
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