Your browser does not support JavaScript!
CSRD implementation drawing lessons from the 2024 reports

CSRD implementation drawing lessons from the 2024 reports

Day 1 Afternoon

Wednesday 09 April

Room :

ROOM 2

Speakers

Chair
Patrick de Cambourg
Chair of the Sustainability Reporting Board - European Financial Reporting Advisory Group (EFRAG)
Public Authorities
Birgit Puck
Managing Director Securities Supervision - Austrian Financial Market Authority (FMA)
Sam Prestidge
ISSB Technical Strategy Lead - International Financial Reporting Standards (IFRS) Foundation
Industry Representatives
Rozanne Dorard Latimier
Director of CSR Policies, Standards and Governance - Crédit Agricole S.A.
Thomas Béhar
Chief Financial Officer - CNP Assurances

Objectives

2025 is the first year of implementation of the CSRD: large and listed companies will disclose sustainability information according to the ESRS (European Sustainable Reporting Standards) in their annual reports.This regulation and the ESRS have been criticised for their complexity, the number of requirements and the administrative burden they impose on companies. The European Commission has just proposed a legislative package, the so-called Omnibus, to simplify this regulation. Against this background, the Roundtable aims to assess the lessons to be learnt from the first implementation of the CSRD, in particular its difficulties, but also its benefits in terms of sustainable transparency.

Points of discussion

  • What were the difficulties faced by preparers during the first implementation of the CSRD; in particular, have large and listed companies been able to disclose all the sustainability information required? What were the main obstacles (complexity of the ESRS, lack of available data, poor quality of proxies…) and how were they overcome?
  • What are the main benefits derived from this exercise by the companies themselves (better information, support for the company’s strategy, strengthening of governance and team spirit…) and by other interested parties (other companies, investors, market authorities, public in general)?
  • Is the second implementation next year expected to be easier and to produce better results and what are your recommendations for the reform of the CSRD and the ESRS?