ESG & Environment
The environmental factor ("E") from the concept of ESG is not a well-defined concept. In a nutshell, this factor is about how a company contributes to, and presents, environmental challenges. This could include, for example, CO2 emissions, energy transition, sustainability and compliance with environmental legislation.
What should you pay attention to?
In addition to existing obligations for companies in the field of environmental law, for example the mandatory energy label and the energy-saving obligation, additional obligations will apply in the field of ESG. For example, under the Corporate Sustainability Reporting Directive ("CSRD"), from 2024 onwards, more and more companies will be required to report on their company's impact on, in short, society, the environment and governance.
Practical tips
Companies will have to integrate the environmental factor (even more) into all aspects of business operations. It is therefore very important for companies to know whether, and how, they can comply with ESG standards and how this should be reported in the management report. The CSRD already provides some guidance to companies on reporting requirements. These guidelines are further elaborated in European standards.
What can Van Benthem & Keulen do for you?
Environmental law is a relevant and topical issue, within which area of law more and more regulations have recently started to apply to businesses. Van Benthem & Keulen continues to closely monitor developments in this area and keep you informed. Furthermore, we are happy to think along with you, for example in the field of ESG reporting obligations.