The compromise text of the Corporate Sustainability Due Diligence Directive (CSDDD) amending the ‘Whistle Blowers’ Directive was adopted by the EU Parliament this week. The final text approved by the EU Institutions and to be formally endorsed by the Council raised the thresholds for in-scope non-financial and financial companies.  Once transposed by member states, company’s...

Following a lengthy public consultation, the US Securities Exchange Commission (SEC) adopted its proposal for corporate disclosure rules with amendments on 6 March 2024 and published the final rules in the Federal Register entitled ‘The Enhancement and Standardization of Climate-Related Disclosures for Investors’.  ELS Europe’s news article briefly addresses the potential negative effects of the...

Dawn Slevin, Managing Director, ELS Europe was honoured to receive the United Nations International Standards of Accounting and Reporting (ISAR) Honours Award for the EFRAG report  Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities in the EU. This award recognizes the substantial and leading work of the project task force co-chaired by...

The European Financial Reporting Standards (ESRS) which execute the requirements for companies impacted by the CSRD are under development by EFRAG. The first set of recommendations were issued to the Commission in November 2022 covering a wide scope of sustainability aspects across ESG topics while applying a double materiality perspective.

The illegal invasion of Ukraine by Russia unexpectedly placed an immense concern onto the doorstep of European leaders: energy supply. With the continent’s heavy reliance on Russian gas and oil, energy prices shot up due to limited supply because of sanctions placed on Russia. Despite the light blow of 2022’s winter, nations are focused on...

The scope of the Corporate Sustainability Due Diligence Directive (“CSDDD”) may be expanded to cover more companies, according to JURI Draft recently adopted by the European Parliament.

A Green Taxonomy framework was recently proposed by Canada's Sustainable Finance Action Council (SFAC) under its Taxonomy Roadmap Report, published in March 2023. The framework, introducing categories for sustainability-focused investments, has raised concerns due to its potential to allow for continued investment in fossil fuel industries, slowing down the net-zero transition.