Spring Associates heeft dit gerepost
The EC completely missed the mark on CSRD. Twice. Yes, it’s a relief that 43,000 smaller companies are now excluded from CSRD’s scope. The CSRD remains deeply flawed; too many resources are wasted on assurance and overly complex reporting with minimal real-world value. But does sustainability reporting matter? Absolutely. The real impact lies in the Double Materiality Assessment (DMA). A solid DMA benefits businesses and initiates change. Companies should be required to simply disclose their Impacts, Risks, and Opportunities (IROs) and briefly disclose how they manage them — without assurance. Auditors have no clue and add limited value while charging excessive fees. For companies that have already invested heavily in the CSRD, this news feels like a slap in the face. Scrapping assurance and excessive detail wouldn’t be a loss — it would be a win for these businesses and the world. European Commission, wake up and choose an effective solution. Ps. Spring Associates is back :) : https://lnkd.in/e3FXFgdE