EU law requires certain large companies to disclose non-financial information on the way they operate and manage social and environmental challenges. The current disclosure regime was introduced in 2014 by Directive 2014/95/EU. Recently, the European Commission conducted a review of the NFRD rules, which showed strong support for mandatory sustainability reporting standards but also highlighted deficiencies in the current regime.
EU to Make Changes to Its Sustainability Reporting Rules and Impose New Obligations on Non-European Companies
