What are the regulatory requirements for sustainability reports?

What are the regulatory requirements for sustainability reports?

Regulatory requirements for sustainability reports vary by region, but they often include disclosures on environmental impact, social responsibility, and governance practices.

Can you give me examples of specific regulations?

Sure! For instance, the EU's Non-Financial Reporting Directive (NFRD) requires large companies to disclose sustainability information.

How often do companies need to report?

Typically, companies are required to report annually, but some regulations may allow for biannual or quarterly reporting.

What happens if a company fails to comply?

Non-compliance can lead to penalties, fines, and damage to reputation, as well as potential legal action.

Are there any resources to help companies with compliance?

Yes, many organizations provide guidelines and frameworks, such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).