BDO: The regulation on mandatory corporate sustainability reporting is already on the finish line

In April 2021, the European Commission adopted a legislative proposal for the Corporate Sustainability Reporting Directive (CSRD). This proposal requires covered companies to report in accordance with the European Sustainability Reporting Standards (ESRS) adopted by the European Commission in the form of delegated acts, based on dual materiality criteria. EFRAG (European Financial Reporting Advisory Group) was appointed as technical advisor to the European Commission in the development of the ESRS drafts.