At Forvis Mazars, our experts are dedicated to remaining up to date on evolving global sustainability and ESG regulations, ensuring your company stays agile in anticipating and enacting regulatory changes, strengthening compliances and managing risks.
The European landscape for sustainability reporting is undergoing profound changes as a result of the increase in mandatory reporting thresholds enacted by the recently adopted Omnibus I simplification package. Voluntary sustainability reporting for companies outside the scope of the Corporate Sustainability Reporting Directive (CSRD), particularly small and medium-sized enterprises (SMEs), is thus...
On 3 December 2025, the European Financial Reporting Advisory Group (EFRAG) officially submitted its technical advice to the European Commission regarding the simplified draft of the European Sustainability Reporting Standards (ESRS). In a regulatory context where sustainability reporting is rapidly evolving, our experts have analysed it to highlight the main changes compared to the previous Set 1.
The Taxonomy Regulation entered into force in June 2020, creating the “European Taxonomy”, a framework aiming to provide a Europe-wide definition of an environmentally sustainable economic activity.
On 26 February 2025, the European Commission adopted a package of proposals to simplify EU rules with respect to Corporate Sustainability Reporting (Directive (EU) 2022/2464 or CSRD, and Regulation (EU) 2020/852 on the Taxonomy), Corporate Sustainability Due Diligence (Directive (EU) 2024/1760 or CSDDD) and the Carbon Border Adjustment Mechanism (Regulation (EU) 2023/956 or CBAM). These proposals...
On 26 February 2025, the European Commission adopted a package of proposals to simplify EU rules with respect to the corporate sustainability reporting directive (CSRD), EU Taxonomy, corporate sustainability due diligence (CSDDD) and the carbon border adjustment mechanism (CBAM). These proposals aim to contribute to the 25% reduction in administrative burdens and at least 35% for SMEs until the end...
The first Omnibus proposal sets the stage for a long legislative process that could reshape corporate sustainability reporting. With new thresholds, timelines, and standards on the negotiation table, businesses across sectors may need to anticipate significant changes. Here we explore these potential developments in detail, providing insights to help organisations confidently navigate the regulatory...
The Corporate Sustainability Reporting Directive (CSRD) is now in force across the EU. The directive requires a number of companies operating in the EU to publicly disclose and report on environmental, social, and governance (ESG) issues. This means businesses need to be prepared to comply with more demanding transparency obligations on their commitment to sustainability.
The European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD) includes an extra-territoriality principle that widens the population of companies subject to sustainability reporting to non-EU groups and their EU subsidiaries. The objective is to maintain a level playing field for all economic players operating in the European market.
As a framework for sustainability reporting, the first set (“Set 1”) of European Sustainability Reporting Standards (ESRS) lay the foundations of the standardised common language for sustainability-related matters throughout Europe.
The Corporate Sustainability Due Diligence Directive (CSDDD) obliges large companies to identify, mitigate and, where necessary, remedy human rights and environmental impacts in their operations and ‘chain of activities'.
In June 2020, the final text of the Taxonomy Regulation (2020/852) was published in the Official Journal of the European Union. This regulation created the “European Taxonomy”, a framework aiming to provide a Europe-wide definition of an environmentally sustainable economic activity.
On 26 June 2023, the International Sustainability Standards Board (ISSB) published the first two IFRS Sustainability Disclosure Standards: IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 – Climate-related Disclosures.
The IFRS Sustainability Disclosure Standards (IFRS SDS) issued by the International Sustainability Standards Board (ISSB) lay the foundation of a global baseline of sustainability-related disclosures. However, implementing sustainability reporting standards represents significant challenges for many entities.
Half the world’s economic output – around US$44 trillion – is dependent on nature. Yet most corporates, investors and lenders inadequately account for nature-related risks and opportunities.
Our sustainability experts around the globe deliver expertise to support businesses on their sustainability journey, whether they are at the beginning or already tackling complex ESG challenges. Visit our blog for insights on how to embed ESG in your business strategy, implement sustainable changes, or navigate sustainability reporting and assurance regulations.
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