Faced with the imminent arrival of the social and environmental reporting directive (CSRD), the retail sector will be particularly affected. The increasing complexity of business models and supply chains makes ESG (environmental, social, and governance) reporting 'unmanageable,' according to Ghislain Boyer, Director at the ESG Center of Excellence at KPMG, interviewed by mind Retail.
Many listed European retailers have yet to complete the first stage of CSRD, i.e. the double materiality analysis. What is the view of the retail sector?
Ghislain Boyer : CSRD is an equal process for all European companies, with 4 successive deployments. Companies with more than 500 staff all started at the same time, before the summer of 2023, ready to publish their first extra-financial report on January 1, 2025, for fiscal years ending to December 31. These reports have to measure data for the financial year that began on January 1, 2024. The CSRD report will be published at the same time as financial reports, so that financial and non-financial data can be released at the same time.
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Article authors
Sophie Baqué
Editor-in-Chief Mind HR