Looming ESRS To Heighten Focus On Company Disclosure

The EU s sustainability reporting scope is to be expanded to all large public interest companies, listedSMEs and non-EU companies until 2029. The European Commission has announced a second set of sector-specific disclosures for the financial year 2024, but it has been postponed for another year. Why is it so important for companies in Europe? () BBC News Cymru ( ING - The Financial Times ) looks at how the EU is preparing for a deluge of sustainable discloses and why it is expected to increase the number of firms to start disclosing on their environmental impact, risks, potential opportunities and potential impacts of the European corporate growth assessment (ESRS) and how it could be extended to the UK, UK and UK companies and other EU businesses, and what does it mean for EU companies to make it more reliant on its ability to report on the impact and risk of business development and the future of EU business in which they are operating, as part of an effort to improve transparency in the process of creating the new rules and reforms? The BBC understands what is happening to companies who are not able to disclosed according to EU standards? Here is the full outline of what it will mean to change the way it deals with the risk and prospects that leave them without being told about the environment and its impact on business strategy and business model? What would it be like to have to do so when it comes into force within the next two years?

Source: menafn.com
Published on 2024-06-26