target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Presentation - Doc Document number: # EUR250983823
EU-Wide Sustainability Regulations in the Context of Sustainable Finance and Their Impact on the Technology Industry
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Abstract
This IDC Presentation provides an overview of mandatory sustainability-related regulations — the Sustainable Finance Disclosure Regulation, the Corporate Sustainability Reporting Directive, and the EU Taxonomy — and highlights their impact on the technology industry.
"Sustainable growth in the European Union will be underpinned by financial strategies that have an ecological or environmental focus. Accordingly, the European Commission has put in place mandatory regulations and established a solid system designed to redirect investments to sustainable economic activities. Adherence to sustainability regulations is thus one of the top 3 priorities of organizations in Europe. Investors, employees, clients, and other stakeholders are increasingly scrutinizing the sustainability credentials of organizations, particularly as the EU has issued the Corporate Sustainability Reporting Directive, which makes non-financial reporting mandatory." — Program Manager Zuzana Kovacova, IDC Europe