Will the CSRD End Greenwashing?
By Henrik Sandin, Principle ESG Specialist, Workiva
Originally published by Sustainability Magazine
Recently, the European Parliament voted in the Corporate Sustainability Reporting Directive, aimed at ending inaccuracies and falsehoods in greenwashing
Since the European Parliament’s landslide vote in favour of the Corporate Sustainability Reporting Directive (CSRD) on 10th November 2022, nearly 50,000 firms across the EU and beyond are now facing up to the realities of the mandate. They are working towards ensuring that they’re able to deliver credible, trusted ESG reports.
One major hope is that this will address a hot-button issue companies around the world are increasingly having to contend with: greenwashing.
In the words of French economy minister Bruno Le Maire, the impact of these upcoming changes will be clear: “Greenwashing is over.” But, digging deeper, what does this mean—and is it truly the case?
