Across industries and sectors, Deloitte creates holistic solutions in sustain that prepare our clients to grow more resilient to addressthe next wave of change.
Sustainability is one of our strategic growth areas. Emerging regulations that are put in place to achieve the EU’s climate neutrality and sustainability targets, such as the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), are important drivers for companies to adopt sustainable practices and report on their sustainability impacts, risks and opportunities. We see clear trends in compliance work being used as a catalyst for wider strategy and value creation work with our clients.
The CSRD brings a massive set of new standardised reporting requirements for companies, emphasising the need to develop even more efficient and reliable reporting processes for producing a usually quite large amount of quantitative and qualitative sustainability data. Amidst all the changes, keeping the focus on sustainability matters that are important to the company’s stakeholders and business from the double materiality perspective is key. During the past year, we helped our clients navigate this transition, and in general, a big part of our sustainability services is currently focused on CSRD implementation and readiness support.
"Sustainability reporting is acting as a catalyst for the wider development
around sustainability in companies’ business."
- Anu Servo, Sustainability Services Leader
It is evident that regulated sustainability reporting reveals needs for development around sustainability matters in companies’ business. Many companies have already recognised development points around their strategy, policies, remuneration, data quality, IT systems and internal controls related to sustainability topics and sustainability data. The regulation-based reporting is an end result, describing a company’s actions directed towards developing their business to be more sustainable – but sustainability reporting can also act as a catalyst for development actions directed towards sustainability in companies. Our professionals at Deloitte are helping our clients to succeed among these topics.
Companies are still facing an increasing amount of other stakeholder expectations for sustainable business. Many of our clients are looking to go beyond the mandatory requirements, as they have done before. They are seeking support with integrating sustainability deeper into their business strategies and leveraging the relevant parts of the regulations for sustainable value creation.
Climate continues to be an important theme for our clients. Over the past year we advised our clients, for example, on climate transition plans and climate risk assessments. Other important themes where we continue to support our clients include biodiversity, circularity, human rights and value chain sustainability.