Sustainability Knowledge Center

On November 13, the European Parliament approved changes to the EU’s Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).

The European Union’s sustainability agenda continues to evolve, with reforms aimed at balancing environmental ambition and business practicality. In February, the Commission introduced the Omnibus proposals —meant to simplify and realign EU rules. Since then, the EU Parliament has adopted parts of the Omnibus package while several key elements remain under negotiation.

The European Commission has unveiled a significant package of proposals aimed at simplifying EU regulations to enhance competitiveness and stimulate investment across the EU. The "Omnibus" initiative focuses on refining existing directives, particularly the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), to reduce administrative burdens while maintaining high standards of sustainability and transparency. Wh

The results of last month's EU elections confirmed a long-anticipated shift to the right delivering a fragmented political landscape with significant gains for right-leaning parties, Eurosceptics, and old-fashioned nationalists. The Greens lost more than a quarter of their seats while far-right groups won big, especially in Germany, France, and Italy and now make up almost a quarter of all seats.    What's interesting is that much of that shift to the right is based on anti-

European Sustainability Reporting Standards (ESRS) represent a significant regulatory development within the European Union (EU), aimed at standardizing sustainability reporting practices. Developed under the auspices of the European Financial Reporting Advisory Group (EFRAG), the ESRS provide a structured framework for companies to disclose their environmental, social, and governance (ESG) performance under the Corporate Sustainability Reporting Directive (CSRD). The Europea

The Corporate Sustainability Due Diligence Directive (CSDDD) is a legislative initiative by the European Union that imposes mandatory human rights and environmental due diligence practices on in-scope companies. To comply, companies must identify, prevent, mitigate, and account for negative human rights and environmental impacts within their operations, subsidiaries, and value chains . The CSDDD, also known as the CS3D establishes a standard for corporate due diligence on su

The new Corporate Sustainability Reporting Directive (CSRD) is a key instrument of the European Union in implementing the goals set in the European Green Deal. The CSRD aims to attract capital for achieving the goals set in the Green Deal by making sustainability reporting and disclosure not only standardized but also a mandatory part of the annual reports that companies submit to regulators in their respective countries. The Directive came into effect in 2023 and is set to b