Businesses urged to prepare now for new EU corporate sustainability reporting standards.
Irish businesses have been urged to begin preparing for new EU corporate sustainability reporting responsibilities which are due to come into effect from January 2024, according to leading corporate governance expert, Dr Diarmuid Torney.
Dr Torney, an Associate Professor in DCU’s School of Law and Government, was speaking ahead of a free online masterclass for businesses, facilitated by the Climate Ready Academy, on the subject of corporate sustainability reporting and the role of business and government in achieving transformative change.
“All companies should consider the impact of such reporting on their business and begin planning immediately for these new regulations”
“New EU rules around corporate sustainability reporting are expected to come into effect from January 2024 for large companies and will be extended to SMEs from January 2026 as core part of the EU’s Green Agenda,” said Dr Torney.
“All companies should consider the impact of such reporting on their business and begin planning immediately for these new regulations.”
Sustainability reporting masterclass
The Climate Ready Academy Sustainability Reporting Masterclass, hosted by broadcaster Ella McSweeney, will take place on Wednesday, 7 September between 1pm and 2pm and is open to business of all sizes and across all sectors. The Climate Ready Academy is a Skillnet Ireland initiative delivered by Central Solutions.
Businesses attending will gain insight into the evolving climate change policy landscape, understand the implications for their business arising from national and EU policies and regulations and practical tips about how they as a business can respond to the climate challenge.
Those wishing to attend the free event, can register via: https://www.climatereadyacademy.ie/masterclasses/
The event is the latest in a series of free events hosted by Climate Ready Academy, part of the Skillnet Ireland Climate Ready initiative. Climate Ready offers leadership and skills support to businesses who want to develop their operational and strategic sustainability.