New EU Sustainability Reporting Requirements

The European Union has introduced new comprehensive sustainability reporting requirements that will impact thousands of businesses. These new regulations mandate detailed environmental, social, and governance (ESG) disclosures that go far beyond traditional financial reporting.

Starting in 2024, companies operating in the EU will need to comply with the Corporate Sustainability Reporting Directive (CSRD), which expands the scope of sustainability reporting and introduces more detailed requirements for environmental impact assessment.