Amendment to the Directive on Sustainability Reporting
30/07/2024
On May 8 2024, the European Union published the Directive (EU) 2024/1306 amending Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings.
Directive 2013/34/EU requires the Commission to provide for sustainability reporting standards by means of delegated acts, by June 30 2024, specifying the information that undertakings are to report with regard to sustainability matters and the reporting areas specific to the sector in which an undertaking operates, in addition to the information that undertakings are already required to provide under Commission Delegated Regulation (EU) 2023/2772.
The Directive entered into force on May 28 2024.