ESGThree letters that influence, and will continue to influence, business throughout the EU. ESG is associated with non-financial reporting, which for the fiscal year 2025, companies in the EU with more than 250 employees, net turnover over 40 million EUR or balance sheet assets exceeding 20 million EUR per year will have to include in their annual reports according to new European legislation.

This obligation should also apply to all small and medium-sized enterprises for fiscal year 2026. However, it is likely that they will be affected much sooner through the supply chains of larger companies.

You now have the best part of 2023 to thoroughly prepare for your new duty, and it is important to take advantage of it before your competition., otherwise you will have to spend a lot of money and time catching up on everything you need at the last minute.

There are only 340 days left (from 25. 1. 2023) before the CSRD directive, according to which you will directly or indirectly report on more than 82 metrics and 1154 data points, will affect your companyEnsuring compliance with CSRD will be primarily a team effort and will be difficult without a reliable partner.