ecoDa organised a webinar under the topic “ESG: From Awareness to Strategic Moves”.
The main messages from the discussions are:
- The intention of the European Commission is definitely to provide a robust set of sustainability standards as well as to review the non-financial reporting directive. These actions are driven by the willingness to make sustainability reporting as important as financial reporting. Companies will be required to provide more material and comparable data. In order for the European Union to lead the global move, EFRAG is due to issue its report on European non-financial reporting standards on February the 19th.
- Board members have first to drive the culture change, they have secondly to get a good understanding of who are their relevant stakeholders and finally to establish the right metrics to evaluate the implementation of their commitments.
The summary report and the recording of the webinar are available here.