The 2024 EU ESG (Environmental, Social, and Governance) reporting standards (under the Corporate Sustainability Reporting Directive – CSRD), will have a significant impact on the construction industry.
As part of the broader EU Green Deal and the move towards more sustainable business practices, these updated regulations are designed to improve transparency, accountability, and sustainability across various sectors, including construction. The construction industry is particularly affected by increasing reporting requirements due to its substantial environmental impact, complex supply chains, and the considerations relating to labour and safety standards.
The Challenge
Construction and real estate companies of all sizes will need to adapt to stricter environmental regulations, improve their social responsibility initiatives, and strengthen their governance practices.
Those that successfully align with the new standards will be better positioned to attract investment, win contracts, and ensure long-term business success in an increasingly ESG-focused market.
