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THE LATEST ON EU AGRI-FOOD POLICIES IMPACTING LOW- AND MIDDLE-INCOME COUNTRIES

New sustainability reporting obligations

Published by AGRINFO on
Revised
Sustainability/Due diligence / Due dilligence

Summary

The EU has adopted new rules on reporting sustainability information, extending the number of companies that will be required to report, and elaborating on the information that must be reported. The rules apply from 1 January 2024 for large EU public interest companies (with over 500 employees) that were already subject to non-financial reporting in 2023. These companies must produce reports according to the new rules for the first time in 2025.

In July 2023 the Commission adopted European Sustainability Reporting Standards to help companies to manage and communicate their sustainability performance. These standards are now published in Regulation 2023/2772.