This event leaned on valuable insights on corporate reporting and challenges and opportunities lying ahead, especially with the fresh adoption of the Corporate Sustainability Reporting Directive (CSRD), in November 2022 which will make businesses more publicly accountable by obliging them to regularly disclose information on their societal and environmental impact.
On 28th November 2022, the Council formally adopted the latest version of the compromise found with the European Parliament and the European Commission on the proposal for a Directive on Corporate Sustainability Reporting ( CSRD).
The Corporate Sustainability Reporting Directive (CSRD) requires the adoption of EU Sustainability Reporting Standards (ESRS) to be developed by EFRAG.
Both reports recognise the importance of coordinating the development of EU sustainability reporting standards with existing and emerging global initiatives.
FEBIS Regulatory Committee, which is open to all FEBIS members, has already started 2021 with a very dense agenda program on the EU & Regulatory front. During calls held every fortnight, FEBIS Regulatory Committee members agreed on a number of key Roadmap issues on which they will concentrate for the first part of 2021 and also reacted to a never-ending intense EU legislative production.