This legal briefing provides a detailed overview of the purpose, requirements, timeline, and most importantly, key interactions between different sustainability laws that will apply to companies operating in the European Union.
Over the past few years, there have been a number of developments in sustainability legislation covering both social and environmental aspects of sustainability. While this has positioned the EU as a driving force in the sustainability transition, it has also raised questions from the business community concerned over the complexity or overlaps between certain legal requirements.
With this new resource, we aim to help businesses understand these obligations and support good and efficient implementation. The briefing is designed to help companies navigate legal requirements in different areas, including due diligence, emissions tracking, climate transition planning, and sustainability reporting. Additionally, the Annexes provide a legal summary of each of the 10 legislations*, including process and output requirements, as well as details of GHG accounting methods.
Following the EU Commission’s presentation of the Omnibus Simplification package, our analysis also includes a summary of changes proposed, as well as elements that are not expected to be modified by EU policy-makers.
*The guide covers the following: the Corporate Sustainability Due Diligence Directive (CSDDD), the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy, the European Emissions Trading System (EU ETS), the Carbon Border Adjustment Mechanism (CBAM), the Industrial Emissions Directive (IED), the European Batteries Regulations (EUBR), the European Deforestation Regulation (EUDR), the Conflict Minerals Regulation (CMR), and the Forced Labour Regulation (FLR).
This publication is part of a project funded by the European Climate Initiative (EUKI), which aims to support practical implementation of EU sustainability legislation by providing high-quality, publicly accessible research and expert guidance. To find out more, visit www.euki.de/en.
Over 20 leading NGOs working on corporate transparency have published a statement calling on EU policy-makers to define companies’ disclosure obligations on sustainability issues on the occasion of tomorrow’s high-level conference on the future of corporate reporting hosted by the European Commission in Brussels.
A large group of civil society organisations have today set out their joint vision of what sustainable finance in Europe should look like, ahead of political transitions in the EU.
Under the Alliance for Corporate Transparency project Frank Bold and its partners have analysed how European companies disclose information necessary for understanding their impact on society and the environment, as required by the EU Non-financial Reporting Directive*.
