Is your organisation ready for the Corporate Sustainability Reporting Directive (CSRD)?

Though the first set of reports won’t be due out until 2025, large companies will need to start assembling the detailed information required by the EU’s CSRD on the sustainability of their operations from next year.

This hits most large companies, even those based outside of the EU, because companies meeting two of the following three conditions will have to comply with the CSRD: €50 million in net turnover. €25 million in assets. 250 or more employees.

It’s hoped the directive will improve transparency and equip investors and other stakeholders with what they need to evaluate how well companies are doing across ESG.

From speaking to leaders across my network though, there’s quite a bit of apprehension in the sector around exactly what’s required and how to deliver it in a short timeframe.

Not least as many companies are struggling to recruit the right skillset into their team ahead of the CSRD coming into play.  

70% of senior leaders said their company has an ‘immediate’ need to improve talent in relation to sustainability disclosures, according to one recent poll.

Half also say they’re already upskilling existing members of their finance team to fill the gap.

Those with a solid understanding of sustainability reporting could not be in more demand right now as a result.

And – with competition for top talent high – sustainability leaders need to ensure they’ve got the right skills on board before the year is up.

If not, they may find themselves caught out by the impact of the CSRD, and all the rest of the reporting regulations quickly coming down the pipeline.