Political agreement on the CSRD: New sustainability reporting obligations in the EU start with the 2024 financial yearPolitical Agreement • July 5th, 2022
Contract Type FiledJuly 5th, 2022In April 2021, the European Commission published its proposal for a Corporate Sustainability Reporting Directive (CSRD) for a comprehensive revision of sustainability reporting in the EU. The political negotiations with the Member States and the European Parliament (the so-called trilogue) on the CSRD, which have been ongoing for months, were concluded on 21 June 2022, so that the CSRD can be officially adopted by the European Parliament and the Council before the end of 2022. The key points of the agreement were announced in press releases of the Council of the European Union and the European Parliament.