We've compared the different positions of the European Commission, Council of the EU and the European Parliament on the review of the SFDR. Read below our recommendations for this trilogue.
The EU Sustainability Reporting Standards (ESRS) are now officially a Delegated Regulation, having been agreed by the President von der Leyen and the College of Commissioners. Barring an unexpected rejection by the co-legislators in the next two months (they can reject the standards, but cannot amend them), this is the final, fixed version of the ESRS.
The European Council has now agreed its negotiating mandate on SFDR 2.0. In several areas, it represents a significant regression from the Commission's proposal and the Parliament's subsequent draft report.
Climate risk is now a core business issue. Climate change is reshaping the business landscape, through physical disruptions to assets and operations, accelerating the urgent need to transition to a low-carbon economy. For companies of all sizes, understanding and managing these risks is no longer optional.
Organisations involved with the European Financial Reporting Advisory Group (EFRAG) express their deep concern over the European Commission's proposal to exempt asset management from the revised European Sustainability Reporting Standards. Read our joint letter below.
A new legal briefing by Frank Bold unpacks the new restrictions on information requests to business suppliers following the Omnibus 1 revisions to the CSRD and CSDDD, and explains the practical implications for companies.
Due diligence under the Corporate Sustainability Due Diligence Directive (CSDDD) is designed to direct finite corporate resources towards the issues that matter most for people and the environment. At the heart of that effort is prioritisation, defined in Article 9 of the Directive. Having spoken about this topic at the RBA conference this week, I want to share some reflections on what good prioritisation looks like in practice and what pitfalls to avoid.
