12 November 2022: Significantly more companies will have to report on their climate change mitigation and sustainability plans and efforts in the future, including large companies with more than 500 employees from 2024, companies with 250+ employees or 40 million in sales from 2025, and listed SMEs from 2026. A new EU directive must be transposed into national law within the next 18 months.
Biodiversity reporting requirements will also be exciting. Since November 15, the EU Commission has had a proposal from the EFRAG Sustainability Reporting Board, which is then expected to become part of the legislation in mid-2023. The proposal includes a transition plan and activities for more biodiversity protection.
Here you can find the EFRAG proposals:
https://www.efrag.org/lab6
Author: GNF