The latest from Sustaira.
How European Businesses will be Affected by ESG Regulations in 2025
In 2025, European ESG regulations are undergoing a major transformation aimed at simplifying compliance while preserving sustainability goals. The new Omnibus Simplification Package brings relief to SMEs and shifts focus toward impactful environmental and social initiatives.
EU Pauses Sustainability Reporting: What the Two-Year Delay Means for Businesses
The European Union has officially delayed the implementation of enhanced sustainability reporting rules for large companies by two years. This move gives businesses more time to prepare for the Corporate Sustainability Reporting Directive (CSRD), but it also raises questions about the EU’s climate and transparency ambitions.
EU Council Approves Corporate Sustainability Reporting Delay
The EU Council has approved a delay in corporate sustainability reporting requirements until 2028. This decision is part of a broader effort to reduce the regulatory burden on businesses while maintaining the EU's commitment to sustainability.
Datamaran Survey: Strengthening ESG Oversight
A recent survey by Datamaran reveals that 71% of companies have enhanced their board oversight of Environmental, Social, and Governance (ESG) issues under the Corporate Sustainability Reporting Directive (CSRD). This shift signifies a growing commitment to integrating sustainability into corporate governance.
PwC Insights: What US companies need to know about the EU’s CSRD
The European Union's Corporate Sustainability Reporting Directive (CSRD) is set to revolutionize ESG reporting for companies operating within the EU, including US companies with significant EU operations. This directive mandates comprehensive sustainability disclosures, aiming to enhance transparency and drive sustainable business practices. In their recent insights, PwC provides companies with recommendations for understanding this directive.
Switzerland Enforces Climate Transparency with New Net-Zero Disclosure Mandate
Starting January 2024, Switzerland will require large companies to disclose their climate-related risks and net-zero emission plans. This move aims to enhance corporate transparency and align with global sustainability standards.
PwC Insights: Navigating the CSRD
A recent PwC survey reveals that less than half of companies required to report under the EU's new Corporate Sustainability Reporting Directive (CSRD) are fully confident in meeting the new sustainability reporting requirements. This article explores the survey's findings, highlighting the challenges and preparations companies are making to comply with the CSRD.
Belgium Implements EU Corporate Sustainability Reporting Directive
Belgium has recently adopted the EU Corporate Sustainability Reporting Directive (CSRD), marking a pivotal moment for ESG (Environmental, Social, and Governance) transparency in the region. This directive is set to transform how companies report their sustainability efforts, ensuring greater accountability and transparency.
EU’s New Initiative to Simplify ESG Reporting
On November 8, 2024, European Commission President Ursula von der Leyen announced a groundbreaking initiative to consolidate various ESG reporting obligations into a single regulation. This move follows the Budapest Declaration, which emphasized the need for a "simplification revolution" to create a clear, simple, and smart regulatory framework in the EU.
Bloomberg Insights: Advancing the ESG Data Ecosystem
A recent Bloomberg report discusses the critical need for decision-useful ESG data and the emerging standards designed to address data quality and coverage issues. This advancement is crucial for investors navigating the evolving landscape of sustainable finance.
EU Commission Warns 17 Member States Over CSRD Implementation
The European Commission has issued warnings to 17 EU member states for failing to implement the Corporate Sustainability Reporting Directive (CSRD) by the July 2024 deadline. This directive aims to enhance transparency and accountability in corporate sustainability reporting across the EU.
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