EU firms grapple with ESG data challenges ahead of CSRD compliance

A new study highlights the struggle that UK and French companies face with ESG data accuracy and management under the EU’s CSRD.

With the EU poised to simplify sustainability regulations by February 2025, many businesses are still wary of the existing guidelines’ complexity, according to Yahoo Finance.

The research surveyed 1,000 IT and data executives, revealing that while two-thirds of companies are gearing up to meet audit and reporting deadlines within a year, a quarter doubt the reliability of their ESG data. Only 27% feel confident in their data management systems to meet the stringent reporting requirements set by the CSRD.

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