The CSRD Regulations Strengthen Sustainability Reporting

We are now seeing rapid development of new legislation in the area of sustainability within the framework of the European Green Deal. In a longer-term perspective, we are seeing a shift from requirements for data collection and reporting to strict sustainability requirements that, directly or indirectly, affect all companies and industries. But major changes are now also taking place in the short term. The EU's new Directive containing requirements for sustainability reporting – CSRD – enters into force on 1 January 2024 and this summer, for the first time, the European Commission adopted resolutions on standards for sustainability reporting. The decision means that the method for preparing sustainability reports has now been specified. In this short note, Lindahl's experts summarise the most important take aways for companies' preparations in advance of future sustainability reports.