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Those Who Do a Test ESG Report Will Not Be Surprised. The Auditors Are Already Asking for Them.

64 ǀ POSITIV 3/2024

BUSINESS

The CSRD (Corporate Sustainability Reporting

Directive) on sustainability reporting affects more than

a thousand large companies in the Czech Republic

alone, which will have to report for the first time in

2025. However, auditors are already asking large

holding companies in particular for documents, finding

out how they are preparing and often recommending

that they do a test run already for the year 2024.

Such a move is not just about meeting future

obligations, but also about effectively managing

business and reputational risks and seizing

opportunities related to climate change and

sustainability. Timely and quality preparation

will help keep pace with the market and

meet the expectations of investors and other

stakeholders.

For holding companies with complicated structures, geng the 2025 ESG reports right will

be challenging, which is why many auditors are already calling for early preparaon this year in

the form of an unregulated 2024 sustainability report. "Without preparaon by the end of the year,

you won't have enough room for a trial run next year," add the reporng experts at Frank Bold

Advisory.

Those Who Do a Test

ESG Report Will Not Be Surprised.

The Auditors Are Already Asking

for Them.