Beyond the GAAP No. 173 - January 2023

With the Corporate Sustainability Reporting Directive (CSRD) coming into effect on 5 January 2023, EU countries can now begin the work of transposing it into national law. In practice, the member states have until 6 July 2024 to transpose the CSRD and to specify certain requirements of the new directive, which some large companies will have to apply from 1 January 2024.

The due process set out in the CSRD for adoption of the first set of European Sustainability Reporting Standards by the EC is also under way: the EC has recently received opinions from the ECB and the various European supervisory agencies, including ESMA. While these opinions are generally positive, there are a few points that ideally need to be clarified in the final standards. The EC is expected to launch a four-week public consultation on the draft Delegated Acts at the start of April, with adoption of the standards scheduled for end-June.

Our support

We do trust the above points are notable and sufficient, but should you have any questions or need a deeper discussion on this issue, please do not hesitate to contact us.

Download the issue in the PDF extension in English as below.

Subscribe to our newsletter here

Documents

173-Beyond-the-GAAP-January-2023
173-Beyond-the-GAAP-January-2023
173-Index
173-Index