The Commission has adopted the European Sustainability Reporting Standards (ESRS), supplementing Directive 2013/34/EU of the European Parliament and of the Council as regards sustainability reporting standards, for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This delegated act is based on Article 29b(1), first subparagraph, of…

We are delighted to share on our website the Consumer Footprint Calculator, which was developed by JRC. On 9 June 2023 the European Commission (COM) has issued its draft delegated act on Set 1 of European Financial Reporting Standards (ESRS). This act supplements the Accounting Directive as amended by the…

July 31, 2023. The Commission has adopted the European Sustainability Reporting Standards (ESRS), supplementing Directive 2013/34/EU of the European Parliament and of the Council as regards sustainability reporting standards, for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This delegated act is based on Article 29b(1),…

Both companies will join forces to offer advanced ESG (environmental, social, governance) reporting with AI-enabled and blockchain-secured technology to combat greenwashing and increase trust. (March 20th, 2023) Generation Impact Global S.A. (Société Anonyme), a public limited company in Switzerland, has entered into a partnership with Arivu Digital Limited, an England-registered…

What does “current value” mean? The basis used to calculate the “current value of all investments” in the PAI indicators applicable to investments in investee companies should be consistent with the definition of the “investee company’s enterprise value” as defined in point (4) of Annex I of the Delegated Regulation,…

In November 2022, the European Financial Reporting Board (EFRAG) published the draft of European Sustainability Reporting Standards (ESRS), within the framework of the EU Corporate Sustainability Reporting Directive (CSRD) that entered into force from January 2023. The CSRD affects companies based in the European Union, as well as branches and…

Fostering a more holistic Swiss fintech ecosystem with software solutions for sustainability challenges (February 20th, 2023) Generation Impact Global S.A. (Société Anonyme), a public limited company in Switzerland, announces that it has joined the Swiss Finance + Technology Association (SFTA), a non-profit association which seeks to support the development of…

GRI and IDCJ join forces 87% of the top 100 companies in Japan use the GRI Standards. Japanese companies will be helped to improve the quality of their sustainability reporting under a new partnership between the Global Reporting Initiative (GRI) and the International Development Center of Japan (IDCJ). As John…

How will it work in practice? The purpose of this FAQ document is to provide guidance on the content of the EU Taxonomy Article 8 delegated act (disclosures delegated act). It is not legal advice and it contains only the views of Commission services, which do not bind the College…

Most big companies operating internationally will face mandatory environmental, social and governance reporting requirements over the next few years. As Tom Seidenstein, chair of the International Auditing and Assurance Standards Board, explained in this Bloomberg article, the reports will have to undergo limited assurance. “The earliest mandate is coming from…