Former Director of representative office in Brussel with expertise in corporate strategy and lobbying
🌱 **Clarifications on Corporate Sustainability Reporting Rules by the EU** 🌱 The European Commission has published a series of frequently asked questions (FAQs) to help stakeholders implement the corporate sustainability reporting rules. This initiative aims to simplify the EU's sustainable finance framework and reduce the administrative burden for companies. The FAQs address topics such as the scope of the rules, application dates, and exemptions, including the use of estimates instead of collecting detailed information on the value chain. 📌 **Statements by Mairead McGuinness:** Mairead McGuinness, Commissioner for Financial Services, emphasizes the importance of making the EU's tools usable and effective while reducing the administrative burden on companies. She asserts that these clarifications will help companies avoid the need for legal or external consultancy advice to apply the rules, thereby enhancing their medium-term competitiveness. 📊 **Corporate Sustainability Reporting Directive:** The Corporate Sustainability Reporting Directive, which came into force on January 5, 2023, is a key element of the EU's sustainability agenda and the European Green Deal. The first companies subject to the directive will start reporting in 2025 for the financial year 2024. For more details, consult the following links: [FAQs on the implementation of EU corporate sustainability reporting rules](https://lnkd.in/ghRVDKn8) [Corporate Sustainability Reporting](https://lnkd.in/gBwwZWrC) #Sustainability #SustainableFinance #EU #CorporateReporting #GreenTransition #GreenDeal #Competitiveness
