Summary
Cefic supports the directive's aim to provide reliable information on sustainability risks, facilitating investment in sustainable economic activities. Cefic stresses the importance of flexibility in reporting requirements, given the sector's strategic importance and supply chain complexities. Cefic also recommends phased implementation to manage the increased scope and cost of reporting, aligning EU standards with global initiatives, and clear definitions within the CSRD.
Cefic calls for:
- Support for flexibility and adequate time for companies to adapt to new reporting obligations.
- Coherence with existing and upcoming EU and international standards to avoid redundant reporting and ensure global alignment.
- Clarity of key definitions and reporting requirements to provide meaningful disclosures without imposing undue burdens or risks of liability on companies.
