In 2022, the EU will adopt a directive that imposes
sustainability reporting duties for larger companies, including on
HR-related matters, making sustainability a core HR topic going
forward.
ESG, CSR and sustainability have become far more than mere
buzzwords. In the past, it may have been easy to see these as
issues only relevant for the marketing or supply chain departments.
However, in 2022, new EU legislation will mean it is time to
rethink and turn these topics into core HR and labour law
processes.
The adoption of the Corporate Sustainability Reporting Directive
(CSRD) is planned for the second quarter of 2022. With effect from
the 2023 financial year, it will entail far-reaching reporting
obligations for all ‘large' companies operating in the
EU, including subsidiaries of multinational companies (unless
comparable reporting has already been introduced at the level of
the parent company).
