European Reporting Changes Branded a Setback
After months of negotiations, a compromise deal has been reached on the Corporate Sustainability Reporting Directive (CSRD), paving the way for businesses to report on sustainability progress across the European Union.
The European Commission's Legal Affairs Committee accepted a softening of the broad-reaching requirements, exempting smaller companies from the obligations.
It feels like it has been a long time coming.
The CSRD is central to the EU's Green Deal package, aiming to make the European economy more sustainable.
Author's summary: EU reaches compromise on CSRD.
- The CSRD aims to make the European economy more sustainable.
- Smaller companies will be exempt from the obligations.