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Items tagged with "CSRD"

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EU commission takes action against 17 member states over CSRD delays

The European Commission has taken formal action against 17 EU member states for failing to fully implement the Corporate Sustainability Reporting Directive (CSRD) by the July 2024 deadline. In letters sent to countries including Germany, Spain, and Poland, the Commission opened infringement procedures, signalling its desire to get this initiative implemented.

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Insights into assurance of ESG reporting

 The latest episode of the Workiva ESG Talk podcast delves into the world of environmental, social, and governance reporting, featuring an interview with XBRL Chair (and Vice Chair of PwC US) Wes Bricker and XBRL International CEO John Turner.

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EU finalises delay to sector specific sustainability standards

The European Parliament has taken the final, expected step in officially approving a directive to delay the implementation of sector-specific sustainability disclosure standards and reporting requirements for companies outside the EU under the Corporate Sustainability Reporting Directive (CSRD).

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Combatting Greenwashing: The EU’s Regulatory Drive

In today’s landscape of ubiquitous sustainability claims, the ability to differentiate between genuine efforts and deceptive practices is hard. Diving into the realm of EU regulations, Chartered Accountant Dee Moran explores the ongoing and upcoming initiatives aimed at tackling greenwashing head-on.

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EFRAG launches public consultation ESRS XBRL taxonomy

This week the European Financial Reporting Advisory Group (EFRAG) published for public consultation its Draft ESRS Set 1 XBRL Taxonomy, alongside a Draft XBRL Taxonomy for Article 8 disclosures.

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Global preparations ensue for EU’s CSRD

The last few years have seen a paradigm shift in Environmental, Social, and Governance (ESG), with several new pivotal reporting frameworks. The Corporate Sustainability Reporting Directive (CSRD) is perhaps the most pressing new regulation in this space, requiring immediate attention from global corporations.

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EU issues ESAP legislation

This week Europe published agreed-upon regulation to establish the European Single Access Point (ESAP). Designed to provide centralised access to publicly relevant data from across EU member states, ESAP has the potential to be a game-changer for digital data in Europe.

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A short delay. But don’t delay

In a speech on Tuesday at the EFRAG conference, European Commissioner Mairead McGuinness provided a public indication of something that we have been expecting for some time. As things stand, the steps required to formalise the EFRAG sustainability reporting (ESRS)  taxonomy as official EU regulations will be delayed.

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Empowering boards to embrace sustainability obligations practical guidance

Accountancy Europe, ecoDa, and ECIIA have jointly issued a guidance document to assist boards in integrating environmental, social, and governance (ESG) factors into their business models. It comes in response to the growing demand from stakeholders, regulators, and policymakers for enhanced sustainability performance and transparency from companies.

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European parliament votes to retain reporting standards for EU listed companies

With a narrower majority than expected, the European Parliament has chosen to uphold the European Sustainability Reporting Standards (ESRS), safeguarding them from potentially being scrapped this week.

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