The role of audit and assurance companies towards sustainable reporting in the new European sustainable regulatory landscape, respectively, the EU Taxonomy, CSRD and SFDR regulations

Details

Supervisors

Swaen, Valérie

Faculty

Louvain School of Management

Degree label

Master [120] en sciences de gestion, à finalité spécialisée

Abstract

In response to the engagements taken during the 2015 Paris Agreements, the EU Commission developed two strategies to transition its economy into a climate-neutral economy, the EU Action Plan on Financing Sustainable Growth and the EU Green Deal. Out of the two strategies, the EU Commission published a series of regulations aimed towards enhancing the sustainability reporting landscape, the EU Taxonomy, CSRD, and SFDR. The purpose of this research is to research how these three regulations affect the role of the sustainability audit and assurance providers. First, how the regulations affect the audit and assurance corporations themselves. Then, how the three regulations affect the role of audit and assurance providers towards their clients. Finally, we conclude by researching what the new regulations combined with the audit and assurance providers experience, brings to the level of quality and comparability of sustainability reporting.