The European Sustainability Reporting Standards (ESRS) have now been approved and came into force on 1 January 2024. This requires organisations to collect and collate data to fulfil the rules set out in the Corporate Sustainability Reporting Directive (CSRD).
Then there is the opportunity cost: customers, stakeholders and investors want to see evidence that you are fully engaging with the ESG agenda. This is for a variety of reasons. Customers and employees want to see that your organization stands by its purpose and targets and is not using ESG as an exercise in corporate “greenwashing”.
