"(...) Corporate finance departments and auditors have only recently begun to consider how to weigh ESG risks, said Frederic Ducoulombier, director of the EDHEC-Risk Climate Impact Institute. That makes full disclosure critical, he said.
The 50,000 companies that will eventually have to report under CSRD “are not used to the exercise,” Ducoulombier said. “The accounting and auditing profession also needs to radically scale up. Sustainability assurance is still in infancy and has
abetted sustainability washing (...)"