ESG Compass: which directives are relevant for your organisation?
New European legislation on environmental, social and governance (ESG) factors presents complex challenges such as permits, subsidies, funding and reporting obligations. Navigating the new legislation can be challenging. What are the directives in question, and do they apply to your organisation? Launch the ESG Compass.
An overview of the new sustainability legislation
The developments in sustainability legislation are moving at lightning speed. The advent of the Sustainable Finance Disclosure Regulation (SFDR) and EU Taxonomy Regulation will ensure transparency on how the financial market integrates sustainability risks and opportunities into investment choices and recommendations. The Corporate Sustainability Reporting Directive (CSRD), which extends the scope of the Non-Financial Reporting Directive (NFRD), together with the Corporate Sustainability Due Diligence Directive (CSDDD), will impose requirements on all major companies. They will be obliged to submit sustainability reports and to identify, prevent, mitigate or eliminate human rights violations and negative effects on the environment within the companies themselves and all along their value chains.
Check which sustainability directives apply to your organisation
How to be prepared
While some reporting requirements may not be binding for several years, having a clear vision and sustainability strategy is essential.
Houthoff can help you navigate through the changes in the legal framework. We cover a wide range of ESG topics such as climate legislation, the increasingly complex governance playing field, due diligence, employee benefits and pension-related matters. In multidisciplinary teams, consisting of lawyers with different backgrounds and expertise, we provide an integrated approach at all times. From strategic development and due diligence to regulatory optimisation, we give proactive support to ensure that ESG sustainability is built into your strategic planning process.
Please contact our ESG experts for more information.