ESG sustainability reporting
ESG Sustainability Reporting, pursuant to Directive (EU) 2022/2464, CSRD, is currently the most discussed topic throughout the economic environment, several aspects, however, remain to be defined and for this reason it was decided to guarantee the online update of the text until 31 December 2024. This book deals with the application profiles of the ESRS sustainability reporting principles, adopted by the European Parliament with Regulation (EU) 2023/2772, published in the European Official Journal on 22 December 2023 and in force from 1 January 2024. For large companies, starting from 1 January 2024, Sustainability Reporting becomes part of the balance sheet exercise and requires considerable effort for all those (including professionals) who will have to draw it up. We will witness a real “cultural change”, and not only in terms of “compliance”, which will primarily concern large companies, and which step by step will include all companies up to and including the very small ones; the latter could, however, find themselves involved right away, if they belong to the value chain of more complex and structured realities. The authors’ objective is that readers can find useful indications to resolve the many doubts about understanding the ESRS principles, through effective examples and the illustration of the notes from the supervisory authorities (Consob, Bank of Italy) and the world of auditing which, in rapid steps, tries to respond to the market’s need to have clear, reliable and complete information available on the matter. With these purposes, the volume is divided into areas that deal with i fundamental themes for the drafting of Sustainability Reporting compliant with the ESRS:› The analysis of the characteristics of the European Regulation – CSRD› The reference standards ESRS 1 and ESRS 2› The principle of Double Materiality and the contents of the Due Diligence relating to sustainability› The reporting on environmental issues› Reporting on social issues› Reporting on Governance› Sustainability reporting and the management report as far as inherent › The responsibility of the directors and the Board of Statutory Auditors in terms of sustainability › The review and certification of the Sustainability Reporting and the Draft of the ISSA 5000 Auditing Standard. Riccardo Bauer Chartered accountant and auditor. Professor of corporate auditing at the Catholic University of Milan. He worked as an auditor for around 30 years in a leading auditing firm, and was president of the boards of auditors of listed and unlisted companies. Author of around 40 books and codes for 15 years. Monica Peta Chartered Accountant, Statutory Auditor, Ph.D, former Contract Professor, Company Auditor, Auditor of the ODCEC of Rome, Member of the CNDCEC Sustainability Reporting Commission, compliance expert for sustainability reporting, he is the author of multiple publications and lecturer at seminars and University Masters on reporting principles.
