CSRD Directive introducing sustainability reporting
Directive 2022/2464 amending i.a. Accounting Directive as regards corporate sustainability reporting
The Directive imposes obligations with respect to sustainability matters, i.e.: environmental, social and human rights, governance factors, respect for human rights, anti - money laundering and anti - bribery.
When it comes into full foce, the provisions of the NFRD - based on which non - financial reporting was introduced, will be replaced.
Based on the directive the circle of the entities subject to the special reporting obligations will increase (there are more than 11k entities in EU which are subject to these obligations and this number is expected to increase over 50k), the Commission will adopt special reporting standards and the reporting will be electronic. A new specialist profession will be created as well - as the sustainable reporting will be subject of audit which will be carried only by licensed professionals and accredited entities.
You can find more in my publications in Poland Weekly (p. 11 https://polandweekly.com/wp-content/uploads/2023/01/PW_1.pdf) and under the link: https://www.lawforpleasure.com/news-1-1/czym-jest-csrd)
Title: Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting