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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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CDSB calls for regulatory change following review of European corporate environmental disclosures

The third consecutive review of environmental and climate-related disclosures in Europe shows signs of improvement, but the information remains insufficient for investment decision-making. Latest report released by the Climate Disclosure Standards Board “The state of EU environmental disclosures in 2020» analysed the strength and weaknesses of disclosure among 50 largest companies in the European Union

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ESMA specifies obligations on environmentally sustainable activities

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Consultation Paper containing ESMA’s draft advice to the European Commission on Article 8 of the Taxonomy Regulation. This specifies the content, methodology and presentation of the key performance indicators (KPIs) that non-financial undertakings and asset managers are required to disclose. ESMA’s proposals

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Progress report published for project on preparatory work for the elaboration of possible eu non-financial reporting standards

​​On 25 June 2020, the European Commission (EC) issued a request for technical advice mandating EFRAG to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised Non-Financial Reporting Directive (NFRD), the ultimate objective being to allow for the swift development, adoption and implementation of European standards, should that be the choice

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Accountancy Europe calls for revisions to the Non-financial Reporting Directive

Accountancy Europe has called for revisions to the Non-financial Reporting Directive (NFRD), addressing the economy’s need to ‘undergo an urgent and radical transformation to achieve climate-neutrality and sustainability’. The organisation noted that while companies are increasingly reporting on ESG matters, the ‘relevance, quality and comparability of the reported information needs to improve’. As a first