Yesterday, we reported on the CSRDDD (Directive) becoming law and how it will influence larger companies to seek SMEs that can help the larger company address its requirements under the Directive.
Per this, the EU markets regulator, the European Securities and Markets Authority (ESMA), advised by the European Financial Reporting Advisory Group (EFRAG), has now proposed that as part of the Directive, SMEs be required to report on positive sustainability impacts and opportunities to avoid greenwashing and improve access to lenders, investors and clients.
Those SMEs that are proactive and become certified sustainable, differentiating from their non-certified peers, will take market share, as the world transitions to environmental reporting.
If you wish to use this to your advantage, read this on what you want in a sustainability program, watch this master class, and contact us.