ESG
he expectation for companies to align their business with ESG factors is increasing at a rapid rate . Improving awareness of sustainability issues , and the impact that these can have on economic value , mean that companies are coming under rising pressure to tackle their negative impact on society and the environment and to demonstrate effective , regulatoy-compliant corporate leadership and practices .
In response , the European Union ( EU ) is bringing sustainability reporting in line with financial reporting , with the introduction of the Corporate Sustainability Reporting Directive ( CSRD ). Effective in 2024 , the new regulations mean that companies operating in the European Economic Area ( EEA ) will need to be more detailed in their sustainability reporting . Covering issues such as environmental , governance factors , social and human rights , companies will be required to audit and disclose both the effect their business has on the world around it ,
Charlie Knapp , Senior Product Marketing Manager , Intelex Technologies
84 August 2023