The European Commission has published a thematic review of the new payment practices disclosures introduced under the CSRD. It noted that the findings of the assessment are “encouraging”.
Out of a sample of 136 ESRS-aligned reports published this year, 49% assessed the payment practice disclosure (G1-6) as material, most of which provided the necessary indicators. In addition, 68% reported under non-mandatory ESRS disclosure relating to payment practices.
“The significant number of companies disclosing data on specific metrics, such as the average payment time to suppliers, shows an important step towards increasing transparency and accountability in payment practices from both an internal and external point of view for the companies,” the Commission report reads.
The thematic review was authored by the Centre for European Policy Studies and EY.
