Eight months before the publication of the first extra-financial reports, CSRD is shaping up to be a major challenge for European retailers. Headaches include collecting data from globalised supply-chains, finding support within an organisation and deciding on the correct data storage. Loïc Maquinghen (SAP), Julie Ravillon (Salesforce), Ghislain Boyer (KPMG), Julie Hamadouche Bottino (Ba&sh) and Marc Escande (Sustain It Right) were interviewed by mind Retail for an overview of potential issues in the sector.
Background
Since 2017 in France, retail companies are subject to Declarations of Extra-Financial Performance (DEFP), a subset of the 2014 European Directive (NFRD). This obligation for extra-financial reporting integrated into a management report applies to listed companies (exceeding €40 million in sales and 500 staff) and unlisted companies (€100 million in sales and more than 500 staff).
However, these DEFPs leave companies free to select a reporting methodology. They can, for example,...
You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?
Article authors