From 2024 at the earliest, more European and global companies will need to disclose their ESG activities in greater detail.

By Paul A. Davies, Michael D. Green, and James Bee

On 10 November 2022, the European Parliament adopted a final version of the Corporate Sustainability Reporting Directive (CSRD). The CSRD will require large EU companies (including private companies) and some global companies with significant operations in the EU to regularly report ESG-related information, putting it at the forefront of the trend toward the development of more detailed ESG disclosure regimes that is proliferating worldwide.