The future of EU Sustainability reporting: how to tackle climate change, biodiversity loss and social inequalities through better and standardised disclosures?

Wednesday, 27 October 2021 - 12:30pm CEST to Thursday, 28 October 2021 - 12:30pm CEST

This two-part online event brings together policy and corporate perspectives for a comprehensive overview of how sustainability reporting will evolve, and what good practice of corporate reporting looks like now.

Date: 27 and 28 October 2021
Time: 10:30-11:30 CEST // 09:30-10:30 BST
Register: Part 1, Part 2  

The sustainability reporting landscape is evolving at a record pace. The Corporate Sustainability Reporting Directive (CSRD) introduces significant changes to the EU corporate reporting framework and is expected to require around 50 thousand companies to provide audited sustainability information from the 2023 reporting year onwards.  

Based on the work of EFRAG under the CSRD, a first draft of European sustainability reporting standards covering a broad range of topics is expected before the end of the year. Meanwhile, discussions on the proposed Directive are expected to move at pace in the European Parliament and in the Council, under the Slovenian and the French presidencies.  

The European Commission and EFRAG are in discussion with the IFRS Foundation, major standards setters, UN and WICI. The IFRS Foundation, used in over 160 jurisdictions worldwide, has announced intention to establish an International Sustainability Standards Board (ISSB) by COP26 in November and is currently working on a unified climate-related financial disclosure standard together with major standard setters. 

As several countries moved to mandatory TCFD disclosure and initiatives are underway to apply TCFD Recommendations to nature, a new status report, expected this year, will show the current market progress towards further adoption of the TCFD Recommendations.   

We invite you to join the discussion on these developments from two perspectives: 

Part 1: Shaping the regulatory framework to move sustainability reporting forward 

Join this first part of the event on policy developments in the European Union to understand why the CSRD is needed and what to expect in the future in the standard setting space.  

We will discuss the key steps and factors to look at in order to make the review of the NFRD and the development of EU reporting standards a success, as well as the challenges to address in a comprehensive and connected way, the various sustainability topics from climate change to biodiversity loss, and social inequalities, and how it fits together with global reporting initiatives. Register for Part 1.

Part 2: Dealing with evolving reporting requirements and keeping up the good practices 

Join the second part of the event to gain practical insight into corporate reporting on environmental issues. 

While the regulatory space in sustainability-related disclosure is undergoing an unprecedented change, companies are facing increasing pressure from investors to disclose decision-useful sustainability information and must keep up with good practice. What is the current status of corporate sustainability disclosure, what does “good practice” look like, and how is it done?      

Looking at the examples from the new 2021 EU Environmental Reporting Handbook, prepared by CDSB and CDP, we will hear from leading experts working in companies, audit companies and supervisory authorities. Register for Part 2.