EU Legislators Adopt Corporate Sustainability Reporting Directive

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The Council unanimously approved the Corporate Sustainability Reporting Directive (CSRD) yesterday, realising the aspiration to adopt the legislation before the end of 2022. The Directive amends the current Non-Financial Reporting Directive (NFRD) with rules that significantly expand the scope of undertakings that will be required to report on their sustainability. The new legislation also incorporates reporting requirements with the potential to affect the GO market. We will explain how.

Executive Summary

The CSRD will from the financial year 2024 gradually expand the scope of EU law on non-financial reporting to cover four (4) times as man...