Webinar on Zoom
Companies’ payment practices are often opaque, with little data available to give insight into their behaviour. Increased reporting would bring more transparency to payment performance, potentially improving payment culture in Europe and delivering benefits for both suppliers and reporting companies.
The first wave of reports stemming from the Corporate Sustainability Reporting Directive (CSRD), included disclosure requirements on payment practices. A recent report by the EU Payment Observatory provides an early assessment of how these requirements were implemented through a pilot project, and complemented with a review of existing literature and comparable disclosure frameworks.
In this webinar, the results of the report will be presented. The presentation will be followed by a discussion on the benefits and challenges of payment practice reporting, the role it can play in reducing late payments and improving payment culture in the EU, and how this reporting could be carried out in our shifting regulatory environment.
