News

Eurosif welcomes the agreement on the Corporate Sustainability Reporting Directive (CSRD)

22 June 2022

On Tuesday, the 21st of June the EU Commission, the EU Council, and the EU Parliament reached an agreement on the final text of the Corporate Sustainability Reporting Directive (CSRD).

Eurosif congratulates the EU co-legislators for successfully finalising the trilogue negotiations on this fundamental piece of legislation, instrumental to the proper application of the EU regulatory framework on sustainable finance.

By requiring companies to report sustainability-related information based on a common framework of European Sustainability Reporting Standards (ESRS), the CSRD will ensure financial market participants have the data they need to make well-informed investment decisions, and to comply with their obligations under the EU Taxonomy Regulation and the Sustainable Finance Disclosure Regulation (SFDR).

A swift and efficient finalisation of the standard-setting process is now of essence to ensure that the CSRD is properly implemented and lives up to the EU sustainability objectives, while ensuring interoperability with international reporting frameworks.

Contact details

 Victor van Hoorn, Executive Director – victor.vanhoorn@eurosif.org

Marie Lavayssiere, Communication & Events Manager – marie.lavayssiere@eurosif.org

Federica Casarsa, Policy Officer – federica.casarsa@eurosif.org