Filip Gregor
Head of the Responsible Companies Team
We have analysed hundreds of pages of technical documents and prepared a comprehensive overview of the sustainability reporting requirements under the forthcoming EU legislation. We summarise what ESG data will be critical for companies, banks, and investors in sustainability strategy and management and in the areas of climate change, environment, sustainable activities, employees and supply chains, due diligence, and anti-corruption measures.
In the integrated overview, we present the requirements of the Sustainable Finance Disclosure Regulation (SFDR), Corporate Sustainability Reporting Directive (CSRD, the reform of the Non-Financial Reporting Directive), and the Regulation on Taxonomy of Sustainable Activities.
Currently, only large listed companies, banks, and insurance companies with more than 500 employees have to report sustainability data. The CSRD proposal, introduced in April 2021, extends the scope to all large companies and SMEs listed on stock exchanges, except for microenterprises. Investors and other financial market participants must also disclose sustainability data under the SFDR. The rules for companies and investors are complemented by regulation on a framework to facilitate sustainable investments - Taxonomy. Standards will be developed for both the SFRD and the Taxonomy to clarify specific technical details and criteria.
The final drafts of these standards are clearly summarised in the integrated overview by Frank Bold:
In the previous article, we highlighted a new European Commission study titled Impact of Communities on the Grid: How Integrated Energy Communities Enhance Grid Flexibility and Support Electricity Market Development, which suggests we should aim to establish fully integrated energy communities. Could we achieve this in Czechia? And what are the paths to this goal? Here, Jan Bakule, a lawyer and energy specialist, explores the options.
Justice and Environment (J&E) based on funding from the European Climate Foundation undertook a targeted research of the possible legal strategies to apply in order to support the decarbonisation of the European steel sector.
Join us for our upcoming webinar where we will present the key findings from our analysis of sustainability disclosures by 15 largest investors and 45 investment funds.
