Tag #Csrd

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elmundo.es

🌐 75% Global Worthiness

Aug 11, 01:16

Spanish SMEs Lag in Sustainability Preparedness Amidst New EU Directive

A SigmaDos survey reveals that only 26.5% of Spanish textile companies have sustainability plans, while 68.7% of environmental service SMEs lack them, highlighting a significant preparedness gap for the new European Corporate Sustainability Reporting Directive (CSRD).

Spanish SMEs Lag in Sustainability Preparedness Amidst New EU Directive

A SigmaDos survey reveals that only 26.5% of Spanish textile companies have sustainability plans, while 68.7% of environmental service SMEs lack them, highlighting a significant preparedness gap for the new European Corporate Sustainability Reporting Directive (CSRD).

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How do the adoption rates of sustainability plans differ between small, medium, and large companies in the surveyed sectors, and what factors contribute to these differences?

The survey reveals a significant gap in sustainability preparedness among Spanish SMEs, particularly in the textile and environmental sectors. This unpreparedness is not merely a compliance issue; it impacts competitiveness and access to markets requiring demonstrable sustainability practices. The stark difference in adoption rates between SMEs and larger companies highlights a systematic challenge.", A3="The low adoption rates and lack of intent to implement sustainability plans among many SMEs suggest a critical need for targeted support, training, and potentially financial incentives. The long-term consequence of inaction includes potential market exclusion and difficulty competing with more sustainable businesses. Addressing this gap requires strategic interventions that go beyond simple awareness campaigns.

telegraaf.nl

🌐 75% Global Worthiness

Jul 3, 16:15

EU Delays Most Corporate ESG Reporting Until 2026/2027

The EU's Corporate Sustainability Reporting Directive (CSRD) mandates ESG reporting for many companies, causing cost concerns. A two-year delay was implemented in April 2024, affecting most except the largest firms (listed and over 500 FTEs). Large companies expect higher costs (€250,000+) and time ...

EU Delays Most Corporate ESG Reporting Until 2026/2027

The EU's Corporate Sustainability Reporting Directive (CSRD) mandates ESG reporting for many companies, causing cost concerns. A two-year delay was implemented in April 2024, affecting most except the largest firms (listed and over 500 FTEs). Large companies expect higher costs (€250,000+) and time ...

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How do the anticipated costs and time investments for CSRD compliance vary between large companies and SMEs?

Nearly 10% of large companies anticipate annual CSRD reporting costs exceeding €250,000, compared to only 1% of SMEs. Many SMEs (53%) expect costs between €50,000 and €100,000, while large companies expect higher costs. The time commitment is also higher for larger companies; 15% expect over 250 hours compared to 5% of SMEs.

nrc.nl

🌐 85% Global Worthiness

Apr 2, 16:09

Executive Bonuses Increasingly Linked to Sustainability Goals

KPMG research reveals that nearly 80% of large companies across 15 countries now tie executive bonuses to sustainability, a significant increase driven by regulations and growing awareness of ESG factors; however, 83 companies still do not include such metrics.

Executive Bonuses Increasingly Linked to Sustainability Goals

KPMG research reveals that nearly 80% of large companies across 15 countries now tie executive bonuses to sustainability, a significant increase driven by regulations and growing awareness of ESG factors; however, 83 companies still do not include such metrics.

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What is the immediate impact of linking executive bonuses to sustainability goals on corporate behavior in the Netherlands and globally?

In 2023, almost 80% of large companies in 15 countries, including the Netherlands, linked executive bonuses to sustainability goals, up from zero in the Netherlands the previous year. This reflects a broader trend of incorporating environmental, social, and governance (ESG) factors into executive compensation, with France leading at 100% and the US lagging at 11%.

faz.net

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Feb 26, 13:09

EU to Relax Sustainability Reporting Rules for SMEs

The EU Commission plans to significantly reduce the scope of its sustainability reporting requirements, exempting most SMEs and weakening supply chain due diligence, aiming to reduce bureaucratic burdens on businesses by 25 percent (35 percent for SMEs).

EU to Relax Sustainability Reporting Rules for SMEs

The EU Commission plans to significantly reduce the scope of its sustainability reporting requirements, exempting most SMEs and weakening supply chain due diligence, aiming to reduce bureaucratic burdens on businesses by 25 percent (35 percent for SMEs).

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What are the key proposed changes to EU sustainability reporting regulations, and what is their immediate impact on businesses?

The EU Commission proposes to exempt small and medium-sized enterprises (SMEs) from mandatory sustainability reporting and weaken corporate supply chain due diligence requirements. This is part of a draft law to amend the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).

euronews.com

🌐 85% Global Worthiness

Feb 19, 19:14

France Weighs Weakening EU Corporate Sustainability Rules

France is considering weakening or delaying the EU's Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D), prompting criticism from energy consultants and ESG companies who fear it could hinder climate action and competitiveness; this follow...

France Weighs Weakening EU Corporate Sustainability Rules

France is considering weakening or delaying the EU's Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D), prompting criticism from energy consultants and ESG companies who fear it could hinder climate action and competitiveness; this follow...

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How are lobbying efforts and political alliances within France influencing the debate surrounding CSRD and CS3D?

The potential weakening of CSRD and CS3D is linked to concerns about competitiveness, particularly from Germany and Eastern European countries. France's actions are also influenced by lobbying efforts from industry groups, and there are concerns about a potential alliance between centrist and far-right groups to oppose the legislation. This aligns with a broader trend of resistance to climate policies observed across Europe.

forbes.com

🌐 75% Global Worthiness

Jan 28, 22:12

Sustainability Reporting Delays: A Chance for Internal Improvement

The delay in implementing global sustainability reporting regulations in 2025, including the CSRD and EUDR, offers businesses a crucial opportunity to improve internal data management and coordination, using existing standards and guidelines to prepare for future compliance requirements.

Sustainability Reporting Delays: A Chance for Internal Improvement

The delay in implementing global sustainability reporting regulations in 2025, including the CSRD and EUDR, offers businesses a crucial opportunity to improve internal data management and coordination, using existing standards and guidelines to prepare for future compliance requirements.

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What immediate actions should businesses take to prepare for upcoming sustainability reporting regulations, given the current delays and uncertainties?

Despite delays in implementing global sustainability reporting regulations, 2025 presents an opportunity for businesses to strengthen internal structures and data management for future compliance. Many companies lack internal coordination, with data scattered across departments. This necessitates centralizing data and standardizing reporting metrics across various stakeholders.

repubblica.it

🌐 75% Global Worthiness

Aug 8, 04:14

EU Amends CSRD, Reducing Mandatory Sustainability Reporting Burden

The EU's February 2025 Omnibus Decree revised the CSRD, raising the employee threshold for mandatory sustainability reporting from 250 to 1,000, impacting approximately 11,700 companies while introducing the Voluntary Sustainability Reporting Standard for SMEs (VSME) for simplified reporting.

EU Amends CSRD, Reducing Mandatory Sustainability Reporting Burden

The EU's February 2025 Omnibus Decree revised the CSRD, raising the employee threshold for mandatory sustainability reporting from 250 to 1,000, impacting approximately 11,700 companies while introducing the Voluntary Sustainability Reporting Standard for SMEs (VSME) for simplified reporting.

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What is the immediate impact of the revised CSRD threshold on businesses in Europe?

The EU's Corporate Sustainability Reporting Directive (CSRD) initially impacted roughly 14,000 companies but was amended by the February 2025 Omnibus Decree to raise the employee threshold from 250 to 1,000. This change reduced the affected number to 11,700, easing the burden on smaller businesses while creating uncertainty for those with 250-1,000 employees now excluded from mandatory reporting.

kathimerini.gr

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Apr 21, 04:11

EU "Omnibus" Package Aims to Reduce Regulatory Burden, Boost Competitiveness

The EU's February 2025 "Omnibus" package modifies key regulations (CSRD, CSDDD, EU Taxonomy, CBAM) to reduce bureaucracy by 25% (35% for SMEs), aiming to boost competitiveness, following the Draghi report's criticism of excessive regulation; CBAM will exempt approximately 90% of obligators while mai...

EU "Omnibus" Package Aims to Reduce Regulatory Burden, Boost Competitiveness

The EU's February 2025 "Omnibus" package modifies key regulations (CSRD, CSDDD, EU Taxonomy, CBAM) to reduce bureaucracy by 25% (35% for SMEs), aiming to boost competitiveness, following the Draghi report's criticism of excessive regulation; CBAM will exempt approximately 90% of obligators while mai...

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How does the "Omnibus" package address the concerns raised in the Draghi report regarding excessive EU regulation?

The package focuses on delaying, not eliminating, new regulations; simplifying existing ones; and increasing exemptions for smaller businesses (up to 1000 employees). For CBAM, approximately 90% of obligations will be exempted while maintaining environmental goals for specific products (iron, steel, aluminum, cement, fertilizers).

forbes.com

🌐 85% Global Worthiness

Mar 31, 01:12

EU to Drastically Reduce Sustainability Reporting Requirements

The European Commission adopted the Omnibus Simplification Package on February 26, 2025, significantly reducing EU sustainability reporting requirements, particularly concerning the European Sustainability Reporting Standards (ESRS), in response to business concerns and a political shift following t...

EU to Drastically Reduce Sustainability Reporting Requirements

The European Commission adopted the Omnibus Simplification Package on February 26, 2025, significantly reducing EU sustainability reporting requirements, particularly concerning the European Sustainability Reporting Standards (ESRS), in response to business concerns and a political shift following t...

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What is the core impact of the European Commission's proposal to reduce sustainability reporting requirements?

The European Commission proposed drastically reducing EU sustainability reporting requirements, aiming for adoption by late 2025. This follows businesses' struggles with initial implementation and a political shift after the 2024 European Parliament elections. The proposal includes simplifying the European Sustainability Reporting Standards (ESRS) by reducing mandatory data points and clarifying provisions.

forbes.com

🌐 85% Global Worthiness

Feb 25, 22:12

EU to Reform Green Deal Regulations, Reducing Business Reporting Requirements

The European Union plans to reform its Green Deal regulations to reduce the burden on businesses, potentially delaying or limiting the scope of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD), as proposed in the leaked draft of the...

EU to Reform Green Deal Regulations, Reducing Business Reporting Requirements

The European Union plans to reform its Green Deal regulations to reduce the burden on businesses, potentially delaying or limiting the scope of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD), as proposed in the leaked draft of the...

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What are the immediate impacts of the proposed Omnibus Simplification Package on businesses' sustainability reporting obligations within the EU?

The EU aims to significantly reduce the regulatory burden on businesses by reforming the EU Green Deal's climate change directives. A leaked draft of the Omnibus Simplification Package suggests drastically reducing the number of companies subject to sustainability reporting under the CSRD, potentially limiting it to those with over 1000 employees and €450 million turnover. This aligns with the CSDDD's existing standards, indicating a possible decrease in due diligence reporting frequency and limitations on penalties and legal actions.

forbes.com

🌐 85% Global Worthiness

Jan 29, 01:08

EU to Reform Green Deal Regulations, Reducing Business Reporting Burden

The European Union will introduce the Omnibus Simplification Package on February 26th to reform its Green Deal regulations, reducing the reporting burden on businesses by revising the EU Taxonomy, Corporate Sustainability Reporting Directive, and Corporate Sustainability Due Diligence Directive, pot...

EU to Reform Green Deal Regulations, Reducing Business Reporting Burden

The European Union will introduce the Omnibus Simplification Package on February 26th to reform its Green Deal regulations, reducing the reporting burden on businesses by revising the EU Taxonomy, Corporate Sustainability Reporting Directive, and Corporate Sustainability Due Diligence Directive, pot...

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How might conflicting interests within the EU influence the final shape and effectiveness of the Omnibus Simplification Package?

The EU's planned reforms respond to business concerns about the complexity and cost of current sustainability regulations. The changes, targeting the CSRD and CSDDD, may delay reporting timelines for SMEs and non-EU companies, raise reporting thresholds, and reduce the scope of legal liability. This reflects a broader global debate on the balance between environmental regulations and economic competitiveness.

politico.eu

🌐 85% Global Worthiness

Jan 24, 07:09

France, Germany Seek Delay of EU Corporate Sustainability Reporting Rules

France and Germany are pushing for a delay and simplification of new EU rules on corporate environmental reporting and due diligence, citing concerns about their impact on businesses; the European Commission is expected to review these regulations by February 26th.

France, Germany Seek Delay of EU Corporate Sustainability Reporting Rules

France and Germany are pushing for a delay and simplification of new EU rules on corporate environmental reporting and due diligence, citing concerns about their impact on businesses; the European Commission is expected to review these regulations by February 26th.

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What are the underlying reasons behind France and Germany's push for delaying and simplifying EU corporate sustainability regulations?

France's push for postponement stems from concerns that the new regulations, particularly their scope and complexity, will hinder business growth. This aligns with a broader European Commission review aimed at simplifying disclosure requirements for companies, including the CSRD, CSDDD, and EU taxonomy, with results expected by February 26th. Both France and Germany advocate for exemptions for smaller companies.

Showing 1 to 12 of 13 results