PwC’s Global CSRD Survey 2024. The promise and reality of CSRD reporting
The implementation of the EU’s Corporate Sustainability Reporting Directive (CSRD) is prompting companies to place greater emphasis on sustainability in business decision-making, with around three-quarters of firms—including those based outside the EU—planning to integrate sustainability more deeply into their operations. While companies recognise the potential business benefits of CSRD compliance, such as improved environmental performance, stakeholder engagement, and risk mitigation, they face significant challenges in meeting the directive’s requirements.
Key obstacles include data availability, value chain complexity, and the need for new technological investments. Despite these challenges, most companies express confidence in meeting the 2025 reporting deadline, with varying levels of readiness depending on the topic areas, particularly those related to less familiar subjects like biodiversity and circularity. Successful CSRD implementation requires strong governance, cross-functional collaboration, and effective data management systems. Notably, companies that engage senior leadership, particularly CFOs and CIOs, and invest in appropriate technology are better positioned to integrate sustainability into their business models and realise value-creation opportunities.
The findings from PwC’s Global CSRD Survey suggest that while early-stage challenges remain, companies increasingly recognise the strategic potential of sustainability reporting as part of broader efforts to transition towards a low-carbon economy.
