An Overview of Corporate Sustainability Reporting Legislation in the European Union
Abstrak
Abstract In recent years, sustainability disclosure has increasingly become mandatory in many countries. The European Union (EU) is at the forefront of this change by adopting legislation that governs disclosure of (i) companies’ sustainability aspects (Corporate Sustainability Reporting Directive), (ii) the sustainability of economic activities (Taxonomy Regulation), (iii) the sustainability of financial products (Sustainable Finance Disclosure Regulation), and (iv) the environmental, social and governance risks of credit institutions (Pillar 3 disclosures). In addition, international standard setting for sustainability disclosure is at a rapid pace, and both the International Sustainability Standards Board and the European Commission have published reporting standards. Overall, these reporting mandates and standards are interconnected and rapidly progressing, which makes it increasingly difficult to keep track. The aim of this article is to outline and compare the EU’s sustainability disclosure legislation and major standard-setting initiatives and thus identify important implications for both researchers and practitioners.
Penulis (2)
Katrin Hummel
Dominik Jobst
Akses Cepat
- Tahun Terbit
- 2024
- Bahasa
- en
- Total Sitasi
- 172×
- Sumber Database
- Semantic Scholar
- DOI
- 10.1080/17449480.2024.2312145
- Akses
- Open Access ✓