Who says size doesn't matter?

Think your company's too small to worry about ESG reporting? Beware, you may quickly find yourself out of business, warn Florian Hoos and Rodrigo Tavares

You may run or own a small or medium-sized business. You are very likely aware that sustainability reporting has become a topic of intense focus in the business world. You may also think it doesn't apply to a business of your size. But that's where you would be mistaken. To be sure, mandatory sustainability reporting based on the latest EU regulation will only apply to roughly 50,000 large companies out of over 30 million European enterprises. This may come as a relief to non-listed small and medium-sized companies (SMEs), which account for 99.8% of all companies in the EU. The US Securities and Exchange Commission (SEC) and the IFRS Foundation have also announced that for now all non-listed SMEs are out of the scope of mandatory sustainability reporting. But this…

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I by IMD (Digital) - 1 Issue, 09. March 2023

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