The Impact of EU's Corporate Sustainability Reporting Directive on Sporting Organizations

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The chapter explores how the EU's corporate sustainability reporting directive is influencing sustainability efforts in the sports industry, focusing on areas such as clubs, franchises, competitions, and venues. It discusses the evolving approach to sustainability in sports, emphasizing the importance of environmental, social, and governance factors. The conversation highlights the challenges and opportunities that come with aligning sports organizations with comprehensive sustainability practices in response to growing pressure from fans, regulations, investors, and sponsors.

Summer is in full swing, the finals of the UEFA Euro 2024 European Football Championships take place this weekend and the Summer Olympic Games kick off later this month. So at the ESG Insider podcast, we’re turning our attention to sustainability in sports.

Professional sports are big business, and as we hear from today’s guest, the sporting world is facing pressure to become more sustainable from many sources, including spectators, fan associations, investors, sponsors and even regulation like the EU’s Corporate Sustainability Reporting Directive (CSRD).

We speak to Christian Hartmann, CEO of the Global Sustainability Benchmark in Sports. GSBS is an independent nonprofit that aims to tackle the challenges of the 21st century by analyzing and rating the sustainability performance of professional sports organizations.

"We know that sport is a global phenomenon, and therefore, we believe that sport as a whole has so much power. It has really the chance to help us as a global society to become more sustainable,” Christian tells us. "We want these organizations to be role models, to take real action and being really accountable ... And one of the big steps into this direction obviously is to be able to measure your performance.”

Click here to learn about S&P Global ESG Scores and measuring sustainability performance through the S&P Global Corporate Sustainability Assessment: https://www.spglobal.com/esg/solutions/esg-scores-data

This piece was published by S&P Global Sustainable1, a part of S&P Global.

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