Adoption by the European Parliament of guidelines on non-financial reporting

💡 The adoption by the European Parliament of guidelines on non-financial reporting by companies meets the needs and expectations of companies in the financial sector. Banks and investment firms need data on sustainability aspects of companies' operations to include them in their credit and investment risk assessment processes.

👉 This is why the implementation of the CSRD Directive in the form of ESRS reporting standards is so important. At the same time, it will allow companies to identify specific areas of risk to which their companies are exposed and to objectively compare the reported E/S/G areas with competing companies in their sector.

👉 From the point of view of financial institutions, it is important to launch the process of collecting and analyzing these data in a certain time perspective - to capture the transformation of companies towards more sustainable models and not just comparing these indicators here and now.‍

#CSRD #ESRS #ESG