Public consultation on EU Proposal for a Corporate Sustainability Reporting Directive

Consultation is closed

The Department of Enterprise, Trade and Employment is seeking the views of stakeholders on the proposal for a Corporate Sustainability Reporting Directive.

Rules for the disclosure of non-financial information by certain companies, including environmental reporting, have been in effect in Ireland - SI No 360/2017 - since 2017 through the EU’s Non-financial Reporting Directive - Directive 2014/95/EU.

The European Commission has reviewed the Non-financial Reporting Directive and proposed a Corporate Sustainability Reporting Directive on 21 April 2021 - go to Sustainable finance package - European Commission (europa.eu).

The proposal will revise the existing reporting requirements of the NFRD. The proposal:

extends the scope to all large companies (not just those with over 500 employees) and all companies listed on regulated markets (except listed micro-enterprises)
requires the audit (assurance) of reported information;
introduces more detailed reporting requirements, and a requirement to report according to mandatory EU sustainability reporting standards
requires companies to digitally ‘tag’ the reported information, so it is machine readable and feeds into the European single access point envisaged in the capital markets union action plan

The deadline for responses is Wednesday, 23 June 2021.

Further information on the consultation and questions for stakeholders can be found in the consultation document below.

Submissions should be sent to: csrd@enterprise.gov.ie

Public Consultation on EU proposal for a Corporate Sustainability Reporting Directive

Download

View

Public consultation on EU Proposal for a Corporate Sustainability Reporting Directive

Part of

Policy areas