The way companies deal with the issue of sustainability is currently attracting more and more public attention. The number of companies that publish sustainability reports has been growing steadily since 2017. The effect of sustainability reporting as a decision criterion for investors and banks should not be underestimated.

We as Moore Interaudit believe that the linkage of managing ESG risks and fulfilling the Sustainability Development Goals as a corporate on a long run will have a huge impact on corporate value, as corporate sustainability aims to create a long-term value for stakeholders. When making credit decisions, banks will assess whether companies have implemented a business strategy which focuses on the development of new technologies and reduction of costs through optimizing the usage of environmental and social resources.

If you have any questions about sustainability reporting in the European Union or need support updating your sustainability reporting, please contact Christine Eder @ christine.eder@moore.at.