The European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD) includes an extra-territoriality principle that widens the population of companies subject to sustainability reporting to those outside the EU. The objective is to maintain a level playing field for all economic players operating in the European market.
As a framework for sustainability reporting, the first set ("Set 1") of European Sustainability Reporting Standards (ESRS) lay the foundation of the standardised common language for sustainability-related matters throughout Europe.
The Corporate Sustainability Reporting Directive (CSRD) is now in force across the EU, with Member States given 18 months to adopt it into national law. The highly-anticipated directive requires a number of companies operating in the EU to publicly disclose and report on environmental, social, and governance (ESG) issues. This means businesses will need to be prepared to comply with more demanding...
As a framework for sustainability reporting, Set 1 of European Sustainability Reporting Standards (ESRS) lay the foundations of the standardised common language for sustainability-related matters throughout Europe.
During summer 2022, new sustainability regulation will come into force in the European Union.
Making a proactive contribution to our communities and wider society has always been fundamental to Forvis Mazars and the way we do business. We are a socially aware organisation, continually looking to create shared value for all our stakeholders we serve and work with. This is embedded within our core values, identity, and culture.
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