EU Corporate Sustainability Reporting Directive

Country / jurisdiction: European Union · Year: 2021 · Status: In force · Level: International · Type: Voluntary

Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting (the Directive) modernises and strengthens the rules concerning the social and environmental information that companies have to report. A broader set of large companies, as well as listed small and medium size enterprises, will now be required to report on sustainability.

The new rules in the Directive will ensure that investors and other stakeholders have access to the information they need to assess the impact of companies on people and the environment and for investors to assess financial risks and opportunities arising from climate change and other sustainability issues. Finally, reporting costs will be reduced for companies over the medium to long term by harmonising the information to be provided.

Official source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52021SC0151