EU Corporate Sustainability Reporting Directive: Time To Gear Up For A Huge Opportunity

Report

Corporate Sustainability Leaders

David Metcalfe

19 Aug, 2021

Access this research

Access all Corporate Sustainability Leaders content with a strategic subscription or buy this single report

Need help or have a question about this report? Contact us for assistance

Executive Summary

This report helps decision-makers responsible for climate and ESG disclosures to understand the implications of the European Commission’s proposed Corporate Sustainability Reporting (CSR) directive. Reflecting the EU’s objective to lead globally on climate and ESG policy, the CSR directive envisages requiring specific disclosures from 49,000 undertakings with more than 250 employees in the EU. The European Commission estimates that internal and external costs associated with the proposed law will hit €1.2 billion in upfront costs and €3.6 billion in annual costs. To understand how software and services firms should develop propositions for this market, the report provides a detailed analysis of the content of sustainability reporting standards drafted by the European Financial Reporting Advisory Group (EFRAG). To maximize market share, climate and ESG solution providers will need to launch CSR directive offerings in 2022 and fine tune them for client use in 2023.

Table of contents

The EU Is Set To Create A Multi-Billion Euro Market For Sustainability Reporting Solutions
EU’s Proposed Corporate Sustainability Reporting Directive Is A Tectonic Shift
The EU’s Sustainability Reporting Standard Is Comprehensive And Complex
Implementation Of The Corporate Sustainability Reporting Directive Will Start In 2023

Table of figures

Figure 1. The EFRAG Sustainability Architecture Is A Start Point For Digital Solutions

Organisations mentioned

Adidas, European Commission, European Financial Reporting Advisory Group (EFRAG), European Securities and Markets Authority (ESMA), European Union (EU), Global Reporting Initiative (GRI), IKEA, Schneider Electric, Sustainability Accounting Standards Board (SASB), Taskforce on Climate-Related Financial Disclosures (TCFD), Unilever

About the Author

David Metcalfe

CEO and Co-Founder

David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...

View Profile