Last month European Union member states signed off on new rules that will require thousands of large companies operating in the bloc to publish more detailed information on sustainability matters than ever before. The passage of the so-called Corporate Sustainability Reporting Directive marked a milestone in the EU’s efforts to make Europe’s economy more environmentally friendly, support its drive to net zero, and respond to the growing importance of Environmental, Social and Governance (ESG) standards for investors.
This report provides an update on three key areas – the Corporate Sustainability Reporting Directive, Corporate Sustainability Due Diligence, and Sustainable Finance – setting out what has been achieved so far, and what is in the pipeline in terms of process and delivery.