Why is it important to defend the CSRD?
There is a clear need to help companies integrate the risks and opportunities of social and environmental change into the heart of their business model. If they are not supported, they will be hit by crises. We need a single, common reference framework in Europe to get companies looking at the same thing, managing in the same way, and being able to compare themselves with one another. This common frame of reference will also make it easier for companies to integrate these issues, avoid having a multiplicity of injunctions and indicators to monitor, and deal with competition between national legislations. The CSRD must also help give value to these commitments, as they often represent an investment for companies, so the challenge is to give the prospect that these efforts can be supported by investors and public players. This is what we have been doing for the past six years.
What’s more, since companies have already made massive investments in compliance, aligned their teams and built up their skills, many companies that were not initially concerned have started to follow suit to get a head start. Putting an end to the CSRD would therefore ultimately disadvantage all those who have seriously made this investment in time and money, which they would lose at a time when competitiveness is more important than ever. They don’t have that luxury. This leaves companies with a great deal of uncertainty, which is counterproductive in their search for efficient and sustainable models.
