The following post was originally included as part of our recently published memorandum “Selected Issues for Boards of Directors in 2023”.
2022 has been a pivotal year for sustainability policy worldwide. In the EU, where sustainability regulation enjoys broad popular and institutional support, sustainability policy shifted from theory to action.
The European Commission has now defined the detailed contours of its sustainability framework – through the Taxonomy Regulation (TR), Sustainable Finance Disclosure Regulation (SFDR), Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D) – and laid out the related disclosure templates and other implementing rules. Regulators will now shift their attention to supervision and enforcement. We briefly outline below the developments that will most affect companies that do business in the EU in 2023 – distinguishing between implementation challenges and possible future developments.
To read the full post, please click here.
For a PDF of the full memorandum, please click here.