Carmen Auer
Sustainability Services
Sustainable corporate governance and non-financial indicators are increasingly coming into focus across all industries. Companies are confronted with more and more legal requirements on sustainability: There is, for example, the Corporate Sustainability Reporting Directive (CSRD), the EU taxonomy, disclosure regulations and the Act on Corporate Due Diligence Obligations in Supply Chains. In addition, environmental disasters and a global pandemic are attracting widespread public attention. As a result, the regulatory and social pressure on companies in terms of sustainable corporate governance has never been bigger.
The European Union has embarked on a profound transformation of the financial market and the real economy with the 2018 Sustainable Finance Action Plan and the 2019 EU Green Deal. The capital market's growing understanding that environmental, social and governance (ESG) issues impact financial metrics and ultimately company value is increasing investor demand for reliable and comparable disclosures. And companies risk no less than their licence-to-operate if they fail to meet their environmental and social responsibilities.