Non-Financial and ESG Reporting: A New Era of Sustainability Reporting?

Current market developments indicate that the pressure on reporting entities to disclose material, balanced and comprehensive ESG information will continue to increase.

The European Commission published additional guidelines on the disclosure of climate-related information based on the recommendations of the TCFD.

The EU Taxonomy Regulation will oblige corporates in the scope of the non-financial reporting directive to publish the proportion of their turnover, CapEx and OpEx associated with taxonomy-aligned sustainable assets, products or activities.

The European Commission is currently reviewing the non-financial reporting directive and is expected to propose a non-financial reporting regulation by the end of 2020.

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