WebNov 10, 2024 · The Corporate Sustainability Reporting Directive (CSRD), adopted today with 525 votes in favour, 60 votes against and 28 abstentions, will make businesses more publicly accountable by obliging them to regularly disclose information on their societal and environmental impact. This would end greenwashing, strengthen the EU’s social market ... The main changes are to: 1. apply the new rules to all large companies, whether listed or not (removing the current 500-employee threshold) and to listed small and medium-sized enterprises (SMEs) (other than listed micro-enterprises); 2. apply the rules to non-EU companies which generate a net turnover of more … See more The new rules will apply to: 1. large undertakings whether listed or not (being ones that exceed at least two out of: a balance sheet total of €20m; net turnover of €40m; average … See more Reporting will be in line with mandatory EU sustainability reporting standards (ESRS) that are being developed by the Commission. The Commission is expected to take account of global standard-setting initiatives for … See more The NFRD currently has a 'double materiality perspective', meaning that companies must report about how sustainability issues affect their business and about their own impact on people and the environment. … See more CSRD will for the first time, introduce a general EU-wide audit (assurance) requirement for reported sustainability information. Any assurance will have to be carried out in compliance with assurance standards set by the … See more
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WebNov 23, 2024 · Date: EU – CSRD: US – SEC: FY 2024 (reporting in 2024) Large accelerated filers for all proposed disclosures, including GHG emissions metrics: Scope … flagship wharf charlestown
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