The European Green Deal will ensure that Europe becomes the first climate-neutral continent by 2050. To achieve this, greenhouse gas emissions should be reduced by at least 55% by 2030, compared to the 1990 levels.
The Corporate Sustainability Reporting Directive (CSRD) requires companies to report on the environmental and sustainability impacts of their corporate activities and will be applied to large listed companies from fiscal year 2024. In the 2025- 2026 period, the directive applies to all large companies (with more than 250 employees), as well as small and medium-sized enterprises. Companies will have to collect, process, and publish a large amount of information. This will require major adjustments in processes, corporate governance, and business in general. Therefore, it is important to start on time.
The advantages of an early start
In addition to cost savings (including energy costs), early compliance can avoid the negative impacts of adaptation. Supply chains will largely be shaped by sustainability policies. Companies that identify bottlenecks early and select adequate partners will ensure supply chain continuity when the policies take effect.