The Government says a new EU law aimed at tackling greenwashing will strengthen the rules around the social and environmental information which companies have to report.
The Corporate Sustainability Reporting Directive has been signed into law by Minister for Enterprise Peter Burke.
"These regulations provide a helpful structure to companies for preparing sustainability reporting in a clear and consistent way, that gives the relevant information to investors, consumers, and other stakeholders, whilst minimising unnecessary burdens on companies," Minister Burke said. It found that preparing to report is leading companies to give more weight to sustainability in business decisions.Fidelma Boyce, Assurance Partner, PwC Ireland, said as the countdown to CSRD compliance approaches, it is positive to see companies are largely confident that they will be ready to report.
"As the CSRD essentially requires sustainability reporting to be on par with financial reporting, leading executives are recognising that sustainability information must be available, accurate, and capable of being assured: not just on a one-time basis, but annually."
Business Corporate Sustainability Reporting Directive
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