The European Commission has today published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the EU corporate sustainability reporting rules. The publication is part of the Commission's continuous effort to make the EU sustainable finance framework more usable for companies and reduce the administrative burden on them.
The FAQs take into account input received from companies and cover issues such as the scope of the rules, application dates, and exemptions. For example, they clarify when companies may use estimates rather than having to collect value chain information from suppliers or partners.
The Corporate Sustainability Reporting Directive is a cornerstone of the EU's sustainability agenda and the European Green Deal. It has modernised and strengthened the rules about the social and environmental information that companies have to report. The Directive entered into force on 5 January 2023. The first set of companies subject to the new rules must start reporting in 2025, for the financial year 2024.
You can find here more information on the EU corporate sustainability reporting framework.
