New social and environmental reporting rules for large companies
From 2024, large EU companies and non-EU businesses with substantial activity in the EU market will need to publicly disclose information on the way they operate and manage social and environmental risks.
The Corporate Sustainability Reporting Directive will make businesses more accountable by obliging them to disclose their impact on people and the planet. This aims to end greenwashing and lay the groundwork for sustainability reporting standards at global level.
The new EU sustainability reporting requirements will apply to all large companies (with over 250 employees and a 40 million euro turnover, as defined in the Accounting Directive), whether listed or not. Companies will have to report on their impact on the environment, human rights, social standards and work ethics, based on common standards.
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