After the “CSI-ESG/CSRD for Cities Launch 2024”, held on March 19th and 20th in Brussels, the final report ‘Social Impact for Climate Justice’ has been published.

Building upon the new EU legislation for the Corporate Sustainability Reporting Directive (CSRD) that is effective as of 1 January 2024, and building upon the new Environmental Social Governance framework (ESG) introduced by the World Economic Forum of Davos for the financial sector in 2019, this report offers cities and regions new avenues for collaboration between the public, private and civic sectors. Given the many intertwined crises humanity and the planet are facing, vulnerable communities require support and these new frameworks may contribute to such an effort.

CSRD/ESG frameworks demand that companies not only offer transparency of financial information in their annual report but also show the ecological footprint and social impact they have. Eventually, CSRD/ESG will create a new sustainable dynamic among companies, which can help to achieve more social and sustainable impact in cities and regions.

This report investigates how local democratic bodies of governance, like a municipality, a regional office or a waterboard, can facilitate these new opportunities for social impact collaboration.

Here the report ‘Social Impact for Climate Justice’: