Reporting of sustainability information: a draft bill for greater transparency for companies

A draft bill aims to transpose European Directive 2022/2464 (CSRD) on corporate sustainability reporting by companies.

It imposes large companies, major groups and listed companies to disclose information on sustainability in their management reports, in accordance with EU standards (ESRS).

The aim is to report on the impact of companies on environmental, social and governance (ESG) issues and to disclose how these issues influence their development and performance.

In addition, this information will have to be verified by an independent statutory auditor, company auditor or insurance provider.