The European Council and European Parliament have reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD),
From 2024, large companies will need to publicly disclose information on the way they operate and manage social and environmental risks based on common standards Large companies as classified as those with over 250 employees and a 40-million-euro turnover (as defined in the accounting directive), whether listed or not.
Whilst these developments and articles are Euro-focussed, the audit reforms in Europe have wider-reverberations for other jurisdictions, particularly those considering reforms.

There are a number of factors to take into account when considering the best approach to ESG – and Moore has created bespoke solutions for clients across the world and in many different sectors.
We are guided by how our clients view the relevance and importance of having an ESG strategy.
Some believe it improves their ability to manage risks, while others want to capitalise on opportunities to enhance enterprise value. Many feel a sense of responsibility to minimise negative environmental impacts and maximise their social obligations.
Some countries and jurisdictions have mandatory ESG and sustainability-related reporting requirements, while others adopt either a comply-or-explain approach or champion voluntary adoption of best practice.
Organisations should also be alive to the fact that sustainability-related materiality is dynamic and can evolve as circumstances change.
Our first consideration is to ensure legal and regulatory compliance. We then consider what additional reporting practices, ratings, frameworks and standards are relevant to specific industries or sectors. These are important to benchmark our clients against their peers.
Finally, we incorporate our client’s overall view of ESG into the bespoke service offering.