On January 1, 2023, the Corporate Sustainability Reporting Directive, Directive (EU) 2022/2464, came into force, amending the previous non-financial reporting regime.

The CSRD aims to guide companies toward a more sustainable economy by expanding companies’ responsibility for their impact on society, respect for human rights, governance, and environment through sustainability reporting.

In practical terms, the EU legislature directs companies to take measures in order to achieve the following objectives: redirecting capital flows towards ESG investments for a sustainable and inclusive growth; managing financial risks derived from climate change, resource depletion, environmental degradation and social issues; and promoting transparency and long-term vision in economic and financial activities.

We discuss this in this in-depth analysis published by NT Plus Diritto of Il Sole 24 Ore, written by our Francesca Ricci, Tiziana Fiorella and Emanuela Burgio.

To read the full article click here: https://ntplusdiritto.ilsole24ore.com/art/direttiva-csr-e-normativa-comunitaria-esg-si-amplia-responsabilita-imprese-tema-economia-sostenibile-AEDM1TzC