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By Francesca MESSINI, Partner and Sustainability Leader at Deloitte Luxembourg
The new Corporate Sustainability Reporting Directive (CSRD) will transform sustainability reporting(1) for EU companies under its scope. Imposing strict disclosure requirements and common reporting standards, the CSRD proposes a structured and harmonized framework for environmental, social and governance (ESG) reporting in Europe.
The European Financial Reporting Advisory Group (EFRAG) is currently developing regulated European Sustainability Reporting Standards (ESRS) focusing on strategy and business models, governance, impact, risks and opportunities. This ongoing process has involved public consultations and dedicated correspondence sessions where stakeholders...
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