New EU social and environmental reporting rules for large companies

European Parliament

Tuesday, June 21, 2022

MEPs and EU governments struck an ambitious deal on compulsory reporting on environment, social affairs and governance. Sustainability to become a new pillar of businesses’ performance, moving away from focus on short-term profits. EU set to become front-runner in setting global sustainability reporting standards. It will enter into force 20 days after publication and its provisions will have to integrated into member states’ national laws after 18 months.

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