Social risks prove tripping point in early CSRD compliance efforts
By 
Neil Hodge2023-10-24T14:00:00
Companies are still struggling to report meaningfully on societal risks as part of their efforts to meet demands for better environmental, social, and governance (ESG) disclosures.
Speaking at Compliance Week’s Europe conference in London, Geert Vermeulen, chief executive officer at independent firm The Integrity Coordinator, told attendees his clients often complain the hardest part of ESG reporting for them to address is the social aspect and how they can get assurance on issues such as child labor and slavery.
He added companies are anxious about any potential penalties they might face for failing to report properly.
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