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Home Corporate Social Responsibility

The new European Framework for Social ESRS’ Report — CSR Europe

admin by admin
November 4, 2023
in Corporate Social Responsibility



A recent analysis by Moody’s and CSR Europe, social disputes already account for 67% of all ESG disputes faced by companies worldwide, far outweighing environmental and governance disputes. In this regard, in 2025 will see the first sustainability reports in Europe aligned with the new reporting framework based on the ESRS (European Sustainability Reporting Standards), so companies should be accommodating their reporting systems by the end of this year.

Corporate social impact strategies are proving to be of increasing value to organisations, for example in terms of risk management or talent attraction, as was highlighted at the forum. Expectations on business are expanding, demanding a more committed and strategic response to key societal challenges.

Corporate social impact strategies not only offer tangible benefits such as risk management and talent attraction, but also respond to a shift in expectations towards companies, which are now expected to address social challenges in a more engaged and strategic way.

 

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