Q&A of the Commission for Sustainability Reporting

The Enterprise Europe Network provides information:
19.08.2024

The Corporate Sustainability Reporting Directive is a cornerstone of the EU's sustainability agenda and the European Green Deal. It has modernized and tightened the rules on the social and environmental information that companies must report. The directive came into force on January 5, 2023. The first group of companies subject to the new regulations must start reporting in 2025 for the 2024 financial year.

The Commission has now published a set of frequently asked questions to support stakeholders in implementing the EU rules on corporate sustainability reporting. This is part of the Commission's ongoing efforts to make the EU framework for sustainable finance more usable for companies and reduce their administrative burden.
The FAQs take into account input from companies and address issues such as the scope of the rules, application dates and exemptions. For example, it clarifies when companies may use estimates instead of collecting value chain information from suppliers or partners.

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Source: European Commission