During the session of the 10th of November of the present year, the European Parliament adopted the Corporate Sustainability Reporting Directive (“CSRD”) with 525 votes in favor, 60 votes against and 28 abstentions.
Said document aims to make businesses more publicly accountable by obliging them to regularly disclose information about their societal and environmental impact. The document also seeks to strengthen the European Union’s social market economy and lay the foundations for sustainability reporting standards at global level.