EU leadership to protect long-term business results

The European Union (EU) recently passed the Corporate Sustainability Reporting Directive (CSRD) regulations that require all large EU corporations to submit annual sustainability reports as of Jan 2024, all EU corporations regardless of size as of Jan 2026, and all non-EU corporations with a sizable stake in EU as of Jan 2028. Companies must follow the European Sustainability Reporting Standards (ESRS) (https://www.efrag.o

rg/lab6) in their reporting. A sustainability report includes mandatory disclosures of double materiality impacts that are accurate, balanced and complete in the following areas:

·       Sustainability impacts of the business on the economy, the environment and on people including human rights, and

·       Impacts of climate change on the sustainability of the business.

On March 6, 2024, the U.S. SEC has similarly adopted rules (SEC.gov | The Enhancement and Standardization of Climate-Related Disclosures for Investors) (https://lnkd.in/gGRDPq5u) that will require registrants to disclose climate-related risks on their business, and the business’ activities and processes designed to mitigate those risks.

Climate risk is investment risk, and market participants desire to understand the size and scope of this risk prior to making investment decisions.

SELE Solutions can help your organization with its sustainability reporting and help you reduce your GHG emissions by a systematic execution of a customized sustainability strategy and by the adoption of innovative technology solutions. www.selesolutions.com; info@selesolutions.com