SOCIAL CORPORATE RESPONSIBILITY: THE NEW DIRECTIVE EXPANDS THE NUMBER OF COMPANIES SUBJECTED TO THE SUSTAINABILITY REPORTING FRAMEWORK AND INCREASES THE NON-FINANCIAL REQUIREMENTS.
On 28 November 2022, the Corporate Sustainability Reporting Directive (“CSRD Directive“) was formally adopted by the EU Council.
The regulatory act, waiting to be published in the EU Official Journal, facilitates the transition to a sustainable economy by helping the flow of non-financial information and increasing the companies’ requirements to disclose information about their social, environmental and governance effects.
The CSRD Directive acts by amending the following regulations:
