Opportunities in change: EU regulations as a gamechanger
In order to combat the global climate crisis and achieve the EU climate targets, new regulatory requirements will be imposed on companies operating in the EU in the coming years. We provide support in meeting these requirements and show how these challenges can be turned into sustainable opportunities for business success.
The way through the jungle of regulations
In the context of sustainable transformation and reporting, companies face plenty of regulatory requirements. These include:
- EU Taxonomy Regulation
- Corporate Sustainability Reporting Directive (CSRD)
- Corporate Sustainability Due Diligence Directive (CSDD)
- Sustainable Finance Disclosure Regulation (SFDR).
Regulatory requirements such as these impact companies directly, as well as indirectly, as companies must each evaluate and consider their own supply chains. In addition, there is an increasing expectation on the part of stakeholders based on the effects of the climate crisis.
The regulations require the companies concerned to draw up concrete roadmaps that chart the path towards more sustainability. Addressing one’s own transformation towards sustainability is not only necessary to meet legal requirements, but will increasingly play a major role in the sustainable success of the company.
Europe on the road to more sustainability
The EU has taken groundbreaking measures to combat the climate crisis since the Paris Climate Agreement was adopted on December 12, 2015. These changes are an urgent call to action and reflect long-standing efforts that are strongly rooted in the Kyoto Protocol, the UN Global Compact, and the UN Sustainable Development Goals (UN SDGs).
The EU Green Deal is the centerpiece of the EU’s activities for greater sustainability. It aims to establish a sustainable economy that will position the EU as a pioneer and lead to climate neutrality by 2050. With the “Fit for 55” package of measures, the EU has set an ambitious milestone by 2030 that also requires companies to take action.
Obligation vs. new business models
We create clarity regarding the multitude of regulations and identify opportunities for sustainable business success.