Europe’s CSRD is an opportunity, not a chain around its neck

The Corporate Sustainability Reporting Directive (CSRD) is often mentioned as one of the examples of the European Commission’s excessive zeal when working to implement the Green Deal. It’s given as an example of overregulation that negatively impacts the competitiveness of European corporations, creates access barriers to the EU market and is very costly to implement. However, the CSRD is not seen as a potential opportunity for Europe’s capital markets, offering the possibility to get ahead of others in sustainability disclosure thanks to the introduction of the 'double materiality' approach.

Karel Lannoo is General Manager of ECMI and CEO of CEPS. The original version of this article was published by IPE in October 2024.

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