European Parliament adopts CSRD

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10 Nov, 2022

The European Parliament has today adopted the Corporate Sustainability Reporting Directive (CSRD) proposed by the European Commission (EC) in April 2021.

The CSRD, adopted with 525 votes in favour, 60 votes against and 28 abstentions, will make businesses more publicly accountable by obliging them to regularly disclose information on their societal and environmental impact.

According to the European Parliament's communication, the Council of the European Union is expected to adopt the proposal on 28 November 2022.

It is also expected that the directive will enter into force at the beginning of next year at the latest.

The text of the CSRD adopted by the EU Parliament can be accessed here. There are no substantial changes compared to the text we analysed in our newsletter on the political agreement on the CSRD in June 2022.

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