What goes into an ESG report?

The pressure for sustainable entrepreneurship also comes from political quarters. For instance, in June 2022 the European Council and European Parliament reached a (preliminary) political agreement on the Corporate Sustainability Reporting Directive (CSRD). This new directive requires a large group of enterprises (250 or more employees) to report on the impact their company has on people and the environment from 2026 on. This information must be verified by an accountant.

The new CSRD directive also broadens the scope of companies that must publish a sustainability report. It thus applies to a much larger number of companies – a rough estimate would be about 50.000 in our country – active in all sectors.

The regulation applies to your company if you meet the following conditions:

  • You have a company with over 500 employees. In that case, you report from 2025 on the financial year 2024.
  • You have a company with over 250 employees and/or €40 million in earnings and/or €20 million in assets. In that case, you report from 2026 on the financial year 2025.
  • You have a small or medium-sized company (or another form of company). In that case, you report from 2027 on the financial year 2026.

Do realise that companies that do not need to report yet will experience pressure coming from their stakeholders to start reporting sooner than legally required. We call this the trickle-down effect or pressure from clients, employees, suppliers, … that consider sustainable entrepreneurship to be crucial to sustainable value creation. In this way, ESG compliance becomes a catalyst for employer branding and reputation management.

More information on the People Sustainability Scan and how this can be integrated in the ESG policy of a company can be found on (button) People Sustainability Scan.

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maartje vanewijk

Annelies Theunissen
People Sustainability Expert

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