In Europe, the Directive 2022/2464/EU (CSRD) establishes rules concerning the assurance of annual and consolidated sustainability reporting.
A sustainability report shall include all information necessary to understand the undertaking’s impacts on sustainability matters, and information necessary to understand how sustainability matters (governance, social, safety, environmental and ethics, anti-corruption) affect the undertaking’s development, performance and position. Information shall be qualitative and quantitative, retrospective and predictive.
Initially, the assurance of sustainability reporting shall be mandatory only for large enterprises. However, such obligation shall be progressively extended also to SMEs.