Actualités ESG

The Council of the EU gives the final green light to CSRD

Nov. 28, 2022

Europe — The Corporate Sustainability Reporting Directive (CSRD) was adopted by the European Parliament in the first reading on November 10. The Council of the EU now gave its final approval. The CSRD introduces more detailed reporting requirements and ensures that large companies and listed SMEs are required to report transparently on sustainability matters such as environmental rights, social rights, human rights, and governance factors. For nearly 50,000 companies in the EU, disclosing information on their sustainable impact becomes mandatory, compared to about 11,700 companies covered by the current regulations. The rules will start applying between 2024 and 2028.

NEXT STEPS: After being signed, the CSRD will be published in the Official Journal of the European Union and will enter into force 20 days afterward. The rules will need to be implemented by member states 18 months later.

Source: Council of the EU

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