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Sustainability Reporting after Omnibus The EU Omnibus Proposal marks a significant shift in sustainability reporting, aiming to simplify compliance while maintaining transparency and competitiveness. This initiative will impact companies subject to CSRD (Corporate Sustainability Reporting Directive), CSDDD (Corporate Sustainability Due Diligence Directive), and EU Taxonomy regulations. In this article, we’ll break down what the Omnibus […]

What is CSRD? Corporate Sustainability Reporting Directive (CSRD) is a directive set by the European Union requiring companies to report on their sustainability practices. The CSRD timeline outlines the phased implementation of these reporting requirements, with large companies being the first to comply, followed by listed SMEs and other affected businesses in subsequent years. CSRD […]

In an era where environmental consciousness is on the rise, consumers are increasingly drawn to products and companies that tout their eco-friendly practices. However, beneath the surface of these seemingly virtuous claims lies a phenomenon known as “greenwashing.” This deceptive marketing strategy allows companies to portray a false image of environmental responsibility, often overshadowing their […]

In today’s business world, Environmental, Social, and Governance (ESG) considerations have become integral to a company’s reputation, investor relations, and long-term sustainability. ESG reporting not only demonstrates a company’s commitment to responsible practices but also satisfies the growing demand for transparency from stakeholders. However, amid the drive for more comprehensive ESG reporting, challenges abound in […]

As part of the European Green Deal, the Corporate Sustainability Reporting Directive (CSRD) requires in-scope companies to disclose sustainability information following the European Sustainability Reporting Standards (ESRS). These standards were drafted by the European Financial Reporting Advisory Group (EFRAG) under a mandate from the European Commission, which formally adopted them in July 2023. The goal […]

Sustainability reporting is no longer a buzzword but a strategic imperative for businesses in the 21st century. As global concerns over climate change, social equity, and environmental impact intensify, companies are realizing the significance of transparency in their operations. In this blog post, we will explore why sustainability reporting is important for businesses and how […]