„What gets measured gets managed”

Does EU and national ESG regulation promote corporate sustainability? – asked Irén Márta, Managing Director of BCSDH, in her presentation at the conference “Business without ESG?”, organised by the Market and Profit Conference Centre and BKIK on 4 April 2024.

In her introduction, the Managing Director briefly talked about the EU Taxonomy Regulation which aims to help investors and financiers make better decisions, and the Corporate Sustainability Reporting Directive (CSRD),  and then went into detail about the domestic implementation of the CSRD and CSDDD (supplier due diligence directive), the ESG Act. She summarised the responsibilities of companies under the Act, which will be more precisely defined when government regulations are issued, and also mentioned the accreditation of software for data collection, certifiers and qualifiers, and training.

She concluded on an optimistic note, responding positively to her question that reporting and data collection will provide data and information to business leaders that will unlock new opportunities and also help them to become more profitable, thus moving forward on the path to sustainable business management.