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EU Nears Adoption of Expansive Corporate Sustainability Reporting Requirements

New European Community Directive on Corporate Sustainability Reporting Directive (CSRD) represents point of attention also for companies not belonging to the bloc. European Union leaders have reached a political agreement on a revised CSRD that would introduce detailed sustainability reporting requirements for all “large” EU companies and companies with securities listed on a regulated EU market. Non-EU companies would also be required to report on a consolidated basis if they generate more than €150 million of annual net turnover in the EU and have at least one large or listed EU subsidiary or branch. The CSRD disclosure requirements will cover numerous environmental, social and human rights and governance factors and require attestation. Notably, reporting will be subject to the ‘double materiality’ standard. Companies also will need to disclose their plans to ensure their business model and corporate strategy are compatible with limiting global warming to 1.5 °C. Click to read more, memo from Sullivan & Cromwell LLP, North American multinational law firm based in New York City.


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“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

“I am among those who think that science has great beauty”

Madame Marie Curie (1867 - 1934) Chemist & physicist. French, born Polish.

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