Directive (EU) 2022/2464 requires a large population of companies operating in the EU to report sustainability information under the European Sustainability Reporting Standards, covering climate, pollution, water, biodiversity, resource use, workforce, communities, consumers and governance. It is the most consequential sustainability regulation in force — it mandates assurance, it applies double materiality, and crucially it requires the sustainability statement to be tagged in machine-readable XBRL, which makes it the first climate regime to compel a structured data format rather than a document.
Corporate Sustainability Reporting Directive
Statute European Union
