June 9, 2022 – Andreja Pavlović, Head of our Department of Nature Protection and Landscape Architecture and an expert on sustainability reporting and the EU Taxonomy, gave a presentation titled “Sustainability Reporting – from difficult terrain to easy reporting on the EU Taxonomy’s environmental goals” at the Sustainable Finance Conference yesterday organised by Lider magazine. The main message she conveyed to the participants was that investors need reliable information on corporate sustainability in order to shift capital from unsustainable to sustainable activities and that the key tool for this is the EU Taxonomy.
The conference was attended by experts from various sectors, who introduced participants to environmental, social and governance (ESG) criteria in sustainability reporting, as well as the complex new requirements of the EU regulations and how they apply in practice.
For the past four years, all large public interest entities and all companies with more than 500 employees have been required to issue non-financial reports. Meanwhile, the EU Sustainable Finance Disclosures Regulation (SFDR) and the new Corporate Sustainability Reporting Directive (CSRD) have strengthened the requirements for producing reliable, comparable and relevant information on companies’ sustainability impacts and on achieving the EU’s 2050 low-carbon economy target. The CSRD Directive expands the number of companies in the EU required to produce sustainability reports from 11,000 to 49,000.
By 2026, sustainability reporting will become mandatory for small and medium-sized listed companies, while the deadlines for the phased implementation of the CSRD Directive began in early 2022.
More on sustainability reporting: https://oikon.hr/sustainability-reporting/
More about the conference: https://lider.events/odrzive-financije/