NEW PRINCIPLES FOR ESG REPORTING

Piotr Biernacki

21/04/2021

As part of the sustainable finance package approved on 21 April 2021, the European Commission announced a proposal of Corporate Sustainable Reporting Directive.

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CSRD will introduce new reporting principles and will expand the number of companies subject to this obligation. Starting 2023, all companies, both public and private, which employ more than 250 employees will have to publish ESG reports. After another three years, the requirement will apply to all companies with over 10 employees, which are listed on a regulated market. All other small and medium-size enterprizes will be able to issue ESG reports voluntarily.

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Reports will need to be prepared in accordance with the unified European standards. Piotr Biernacki, MATERIALITY Partner, took part in the work of PTF-NFRS, a working team appointed by EFRAG, which designed an architecture for the new reporting standards for the European Commission.

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The text of the proposed CSRD: Proposal Corporate Sustainability Reporting (English Version) You can learn more about the architecture of future ESG reporting standards by reading the PTF-NFRS which is available here: Architecture of future ESG reporting standards

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