“The European Union hasfinalizedthe Corporate Sustainability Reporting Directive (‘CSRD’) that will introduce more detailed sustainability reporting requirements for EU companies, non-EU companies meeting certain thresholds for net turnover in the EU and companies with securities listed on a regulated EU market.”

[COMMENTARY] This legislation will likely apply to numerous companies based outside of Europe as well. A global ESG reporting standard could be coming into play here. Few companies outside of Europe realize the far-reaching implications of this legislation!
EU Finalizes ESG Reporting Rules with International Impacts, by Matthew Triggs, Sarah Mishkin, and Thibault Meynier, January 30, 2023, Harvard Law School Forum on Corporate Governance, USA.