L’AMF accompagne les sociétés cotées dans la mise en œuvre du nouveau cadre réglementaire en matière d’informations de durabilité

The AMF announced it will assists companies in fulfilling new sustainability reporting requirements in the context of the EC’s future European Sustainability Reporting Standards, which aim to provide detailed information on social, environmental, and governance issues.
Indeed, companies will need to disclose their risks and opportunities related to these issues, as well as the impacts of their activities on the environment and society. This information will be included in the management report of companies, following the ESRS that will be adopted by the EC.
The draft ESRS, which contains 12 standards, was made available for public consultation on 9 June 2023 for a four-week period. Companies are encouraged to begin implementing the regulations based on the directive and the ESRS draft standards. The non-objection period will begin after the Commission adopts the delegated act following the consultation.
The AMF is supporting issuers in meeting the new sustainability reporting obligations. Financial analysts are recommended to assist companies in navigating these requirements and ensuring compliance. The new CSRD will specify the reporting obligations for companies, and the ESRS will provide the standards for reporting.
The proposed regulations present a significant challenge for companies, as they will need to enhance their sustainability reporting practices to meet the new requirements. By publishing detailed information on social, environmental, and governance issues, companies will be able to demonstrate their commitment to sustainability and provide stakeholders with the necessary information to assess their performance in these areas.
The objective of these new reporting requirements is to strengthen sustainability practices and promote transparency and accountability in corporate activities. By providing comprehensive information on the impacts of their activities, companies can assess and manage risks, identify opportunities for improvement, and align their strategies with sustainable development goals.
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The AMF website outlines some steps that listed companies could take to prepare for and properly implement the CSRD and ESRS regarding sustainability reporting, whose table of contents we would like to present here. Please directly consult the respective point for more details:
###### The CSRD and reporting standards: what is new?
– As of 2024, new more demanding sustainability reporting requirements with the CSRD
– Focus on the compulsory European sustainability standards
###### How to prepare for the CSRD requirements?
– Analysing the legislation and developing expertise
– Working in „project“ mode through involving all of the company functions
– Adapting tools for data collection and construction
– Establishing robust internal control of sustainability reporting
###### What priorities in implementing the new reporting system?
– Implementing or updating the double materiality analysis
– Conducting a gap analysis between current publications and upcoming reporting requirements
– Defining priorities in the preparation of information
– Establishing a roadmap
– Other points to watch