Legal & Regulatory News

Provisional political agreement reached on Corporate Sustainability Reporting Directive

On 21 June 2022, the Council and European Parliament reached a provisional agreement on the Corporate Sustainability Reporting Directive (CSRD).

The CSRD proposal aims to address shortcomings in the existing rules on disclosure of non-financial information, which are seen to be of insufficient quality to allow such information to be properly taken into account by investors.

The provisional agreement is subject to approval by the Council and the European Parliament.

From the Council’s side, the provisional political agreement is subject to approval by the Permanent Representatives Committee (Coreper), before going through the formal steps of the adoption procedure. The CSRD will enter into force 20 days after its publication in the Official Journal of the European Union.

Click here to access the proposal for a directive on corporate sustainability reporting.

Click here to access the European Commission's proposal (21 April 2021)