There are notable variations as regards readiness for the forthcoming Corporate Sustainability Reporting Directive (CSRD) around the European Union, a new study has found.
A study by software solutions provider denxpert found that countries in Western and Northern Europe are at the forefront of CSRD awareness, while Central and Eastern Europe are less prepared.
The largest economies in Western and Southern Europe have the highest number of companies affected by the CSRD regulation, as the diagram below shows.
The CSRD mandates sustainability reporting for large and listed companies operating in the EU, with obligations set to begin in 2025.
Other findings from the study include that companies across the EU are recognising the importance of the CSRD directive and are eager to begin preparations to meet the approaching deadlines.
The coming months are likely to see an increase in demand for CSRD software reporting solutions, particularly in the less developed economies of Central and Eastern Europe, denxpert found.
‘Varying levels of readiness’
“Our study provides insights into the varying levels of CSRD readiness across Europe,” commented Robert Winkler, founder and CEO of denxpert.
“This information is crucial for companies to understand their current position and prepare for the upcoming reporting requirements, whether through implementing a CSRD software solution or using consultancy services.”
Further findings from denxpert’s study can be found here.
