By Christina Ameln, Sustainability Strategist and Advisor –
The EU’s Corporate Sustainability Reporting Directive (CSRD) is the most ambitious reporting directive putting climate, nature and social impacts (non-financial) equal to financial reporting. While it might seem as a regulation aimed exclusively at companies in the EU, the impact will be wide-reaching. Non-EU companies will also feel the impact, including in Vietnam. The potential significance of this regulation on Vietnamese companies, investments and especially Vietnam’s supply chain cannot be ignored.
For us to understand the impact, let’s review the:
- EU Green Deal;
- Corporate Sustainability Reporting Directive (CSRD);
- European Sustainability Reporting Standards (ESRS);
- Impact on Vietnam with a focus on company, investors and value chain with suppliers as the central point; and
- How this is not just about compliance but how organizations will put sustainability strategically front and center.