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Timeline of European corporate reporting policy: towards mandatory and standardised reporting requirements

Based on the review of the Non-Financial Reporting Directive (NFRD) by the Corporate Sustainability Reporting Directive (CSRD) and the development of European sustainability reporting standards, sustainability reporting policy in Europe is growing at an unprecedented pace. The timeline below outlines pivotal developments ahead connected to EU corporate reporting policy: Useful resources EU legislations and preparatory

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European Sustainability Reporting Standards Within 18 Months

EFRAG to work with existing standards-setters to develop collaborative framework. With European corporates subject to new disclosure rules from January 2024, it’s a race against the clock to develop European Sustainability Reporting Standards for use by the end of 2022, according to Patrick de Cambourg, Chair of the European Financial Reporting Advisory Group’s (EFRAG) Lab

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GRI backs mandatory EU reporting on sustainability impacts

New corporate sustainability legislation would expand disclosure GRI has welcomed that the European Commission is maintaining its ambition to achieve progress in corporate transparency on sustainability impacts, following publication of the proposed new Corporate Sustainability Reporting Directive (CSRD). The CSRD would have a significantly extended scope than the current Non-Financial Reporting Directive, applying to all large or

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European Commission adopts proposal for a Corporate Sustainability Reporting Directive (CSRD)

On 22 April, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. This will extend sustainability reporting requirements to all large & listed companies. About 50.000 companies (compared to 11.000 today) would have to report on sustainability pursuant to the CSRD.