For example, within the EU the General Data Protection Regulation (GDPR) sets standards for the collection, use, and protection of personal data, whereas in California this is dictated by the California Consumer Privacy Act (CCPA). Additionally, organizations that engage in international trade must...
New regulation is also expected in the UK this year for ESG ratings providers (seehere). Once the legislation is finalised, the FCA intends to consult on a future regulatory regime, with the objective of improving consistency and comparability amongst ESG ratings so th...
A game-changer in standardising non-financial reporting, the new CSRD law comes into force on 1 January 2024. It requires all large companies and listed SMEs that operate in the EU (around 50,000) to report on their climate impact – and begin publishing regular reports in 2025 for the f...
the EU Taxonomy Regulation, which took effect in 2021, requires companies to disclose the sustainability performance of their activities and must reflect this information in their CSRD disclosures.
CSRD is that Swiss companies would be free to choose whether to adopt the European Sustainability Reporting Standards (ESRS) or another equivalent standard for sustainability reporting. What must be reported? In-scope companies would need to report on “sustainability aspects” (“Nachhalt...
Beyond financial regulation, the EBA Guidelines intersect with broader EU sustainability initiatives like CSRD, CSDDD and the Taxonomy Regulation, all of which impose overlapping but distinct obligations on credit institutions. The interplay between these frameworks creates additional...
More specifically, the Corporate Sustainability Reporting Directive (CSRD) is a European Union legislation that requires companies to report on the environmental and sustainable impact of their business activities, as well as their ESG initiatives. The Sustainable Finance Disclosure Regulation aims to do ...
As ESG reporting requirements evolve, here’s what US companies need to know about the EU Corporate Sustainability Reporting Directive (CSRD).
CSRD intensifies ESGregulatory effortsand emphasizes double materiality, requiring companies to detail both their financial materiality and their impact materiality. In effect, it's the successor to NFRD. The European Sustainability Reporting Standards gives CSRD its teeth, tightening rules on not just ...
She specifically made reference to three regulations: the Taxonomy Regulation, the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). Silvia Irazoqui González (BBVA) Sofía Galipienso (BBVA) Listen to audio Leer en español In ...