Accountability and clearer government strategies key to incentivise action

Liam McKenna, partner at Forvis Mazars, says that taking action now would be considerably cheaper than paying huge fines later, as Jillian Godsil reports

The EU’s Corporate Sustainability Reporting Directive (CSRD) is being eased from its initial plan to require reporting for companies with over 250 employees, rising to a new threshold of over 1,000 employees, while enforcement timelines will extend by two years. 

Ireland’s sustainable future is at a crossroads. For businesses, sustainability has moved from a niche topic to a crucial factor directly influencing their financial health and operational future. 

As tough EU regulations loom, Irish companies are wrestling with complex legal requirements, financial risks, and the urgency of meaningful action.