New requirements to change the CSR Directive in the EU from 2023
If the EU Commission gets its way, many companies in the EU will have to adapt to stricter requirements for their sustainability reporting. The Commission has launched a proposal to amend the CSR Directive (Corporate Sustainability Reporting Directive), extending the scope and enforcing stricter rules. One of the main changes would be that the so-called external assurance, an audit by an independent third party, becomes mandatory. We have summarized the main changes for you below.