The European Union has finalized its Corporate Sustainability Reporting Directive that will introduce more detailed sustainability reporting requirements for EU companies, non-EU companies meeting certain thresholds for net turnover in the EU and companies with securities listed on a regulated EU market.
In-scope companies will be required to disclose information both about how sustainability-related factors, such as climate change, affect their operations and information about how their business model impacts sustainability factors. The new Directive is a key pillar in the EU’s ambitious focus on corporate sustainability and sits alongside other major European legislative and regulatory initiatives aimed at boosting the green economy.