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CSRD

In the news: CSRD in effect

Over the last few weeks, it’s been hard to miss the buzz around the anticipated acceptance of the Corporate Sustainability Reporting Directive (CSRD). On November 10th, the European Parliament has approved the proposed directive (with 85% of the Parliament in favor!), which will become effective as of for the first group of corporations in the beginning of next year at the latest. With the acceptance of the Directive, the sustainability reporting standards have seen updates as well.

Directive on Corporate Sustainability Due Diligence

The Directive on Corporate Sustainability Due Diligence, also known as CSDD, is part of the ‘Fit for 55’-package and the European Green Deal. The CSDD has a very close link with the CSRD. According to the CSRD, a company must establish processes to properly collect information for reporting purposes. This obligation is closely related to the due diligence obligation established under the CSDD directive to identify negative impacts. Furthermore, companies falling within the scope of both directives must report (CSRD) on their due diligence obligations (CSDD). The proposed directive will result in more complete and effective reporting by companies under the CSRD directive.

SFDR

SFDR

Three regulations have been introduced: the EU Taxonomy, the Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR). The first two are applicable to all large companies, while the SFDR is purely for the financial market. This blog will delve into what the SFDR is, what it means for the financial market and why it is important.

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CSRD regulation timeline

The CSRD, a topic many organizations will be facing soon. However, there is quite some misunderstanding, misinformation, and general unclarity about the upcoming CSRD regulation. What do you need to … read more

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TCFD

The TCFD, also known as Taskforce on Climate-related Financial Disclosure, was created in 2015 by the FSB (Financial Stability Board) as a framework for the financial sector to consider climate … read more

csrd

CSRD

As of the reporting year 2023, all large or listed companies within the EU will have to report according to the new CSRD (Corporate Sustainability Reporting Directive). This directive is … read more

GRI

GRI

On the 5th of October 2021, the Global Reporting Initiative (GRI) presented its most substantial update to the global standards since its start in 2016. The most significant change can … read more

EU taxonomy

EU Taxonomy

Starting January 2022, approximately 12,000 public interest companies are required to indicate whether their economic activities are eligible for the EU Taxonomy. Since its initial publication in mid-2020, the EU … read more

sdg

SDG

In 2015 all United Nations member states adopted the 2030 Agenda for Sustainable Development. At the heart of this agenda are the 17 Sustainable Development Goals (SDGs) and their 169 … read more