The CDSB offers free consultation on climate-related reporting for EU businesses

What is the Enhanced Reporting Europe campaign?

EU companies are facing increased demand from investors and regulators for decision-useful climate and environmental informationSustainable funds are experiencing a surge in inflows, coupled with regulatory developments and growing trend towards ESG integration across product offerings. Investors are, in addition, asking for more stringent measures for companies and governments on climate and environmental aspects in efforts to align with the transition to a low carbon economy including on the quality of disclosures.

According to the Global Investor Statement to Governments signed by 631 investors representing $37 trillion in assets, “investors need reliable and decision-useful climate-related financial information to price climate-related risks and opportunities effectively.” The lack of clarity on how to structure the climate and environmental information within the mainstream report and to achieve effective disclosure presents a challenge to companies seeking to adequately address investor need. Limited knowledge on available resources and tools on what good practice looks like is often cited by companies as a barrier to achieving fuller disclosures on climate and environmental risks and opportunities.  

To help companies in the EU address these challengesCDSB has introduced the Enhanced Reporting Europe CampaignThe campaign is part of a four-year EU LIFE FinAction project supporting the transition to a low carbon and environmentally sustainable financial system by improving the corporate climate change and natural capital information available in the mainstream report to investors.  

Companies joining the campaign will be able to improve climate and environmental reporting including under the EU Non-Financial Reporting Directive and the Task Force on Climate-related Financial disclosures recommendations. They will be better equipped with the tools to enable to simplification of what is often a complex exercise of understanding how to report the climate and environmental information with the same rigour as financial information. 

Membership benefits 

Companies joining the campaign gain: 

  • Unlimited access to reporting experts to support improved climate and environmental mainstream disclosure. 
  • Guided workshops to provide peer learning opportunities and understand country and regional contexts.  
  • Resources updates to enable companies to keep up with available tools to support disclosure practice.  
  • Bespoke disclosure feedback from CDSB specialists on NFRD and TCFD alignment, policy briefings and internal team focused briefings. 
  • Membership badge to demonstrate continued commitment to enhanced climate and environmental disclosure practice. 

How to become a member, and what does it cost?  

Becoming a member is entirely free, as the campaign is fully funded by the LIFE Programme of the European Union.

What is the CDSB?  

The Climate Disclosures Standards Board (CDSB) is an international consortium of business and environmental NGOs committed to advancing and aligning mainstream corporate reporting to equate natural capital with financial capital.  

Natural capital describes the stock of renewable and non-renewable resources (e.g. plants, animals, air, water, soils, minerals) that combine to yield a flow of benefits to people. 

We are funded by the EU and work in partnership with the World Economic Forum. We collaborate with companies globally to support them in incorporating climate change, environmental and natural capital-related information in mainstream financial reports.