Delivering a financial annual report every year is good practice. From the financial year 2024, the first organizations must report much more intensively on sustainability. The CSRD (Corporate Sustainability Reporting Directive) comes into effect. More sustainability and transparency in business operations. Since August 2023, 12 European Sustainability Reporting Standards (ESRS) have been central to the CSRD. Two standards (ESRS1 & ESRS2) focus on general reporting requirements, while the remaining 10 standards address specific ESG issues (Environmental, Social, Governance).
The new rules demand reframing from the largest organizations in the world. A fantastic opportunity for accelerated sustainability?! However, this reframing is not just a walk in the park. There are valuable lessons to be learned for the next group of organizations that will join in the next financial year. At Sobolt we’re exploring how we can support organizations with the help of digital technology and AI. Smart data engineering & sustainability is our profession. Will you brainstorm with us? Schedule a meeting or contact our colleague Maruschka via m.waldus@sobolt.com.