Widely-discussed new ESG rules for corporate sustainability reporting finally enter into force in Romania

As of 5 January 2023, the ambitious new rules of the Corporate Sustainability Reporting Directive (CSRD) entered into force. Its aims are to replace its predecessor, the Non-Financial Reporting Directive (NFRD), and to introduce more detailed reporting requirements than ever.

The new Directive (EU) 2022/2464 strengthens the transparency and accountability rules compelling companies to disclose sustainability information in their management reports according to mandatory European sustainability reporting standards (ESRS). Currently under development, the first set of standards is to be adopted by the Commission by mid-2023.

PETERKA & PARTNERS Romania invites you to read extended information regarding this matter by accessing this link<http://files.peterkapartners.com/WebNews/PETERKA_PARTNERS_ROMANIA_ESG-legal-update.pdf>. Our member remains at your full disposal to provide more information and any related legal assistance connected to this topic.