According to KPMG, only every fourth company feels ESG-prepared
According to KPMG’s new ESG Certification Maturity Index*, 75 percent of companies worldwide feel they still have a long way to go before they are ready to certify their ESG performance and meet new regulatory requirements.
However, for the business year starting on January 1, 2024, large companies of public interest in the European Union will be required to publish a report not only on how much of their sales revenue and costs are related to sustainable activities, but also according to the Corporate Sustainability Reporting Directive (CSRD) adopted by the European Union according to the standards specially created for this purpose, they must present the impact of the company’s operations on the environment and related to climate change, including the set strategic goals, the risks, the identified opportunities and the measures to deal with all of them, as well as the metrics indicating the achievement of the goals ( as a reminder: CSRD will be permanently with us from 2024).
“Simply summarized, a company is ready for ESG certification if it has laid the relevant regulatory framework, carried out the relevant materiality assessment, defined the appropriate metrics and has the necessary systems, processes and related well-designed processes to measure, collect and manage the vast amount of data , with efficiently functioning controls”
– this is how Zsuzsanna Nagy, the partner responsible for Compliance Services at KPMG ESG in Hungary, said about the publication of the index.
Related news
The combined team of the Kings, Sponsi, received the 57th Kékszalag KPMG Fair Play Award
The 57th Kékszalag Raiffeisen Grand Prix ended with the awards…
Read more >It’s not enough to talk about it anymore: seven priority sustainability topics are on the agenda of Hungarian companies
Reporting is not only a legal obligation, but also a…
Read more >Vegans Shop More Often Than Meat Eaters, Study Finds
Vegans and vegetarians visit grocery stores significantly more often than…
Read more >Related news
Conscious eating – smart choices matter, not strict rules
Consumers still do not feel that the pressure of high…
Read more >Rural romance in the heart of Budapest: the Puli and Juhász Pesti tavern has opened in the city center
Catfish with paprika, cottage cheese csusza and golden galuska –…
Read more >