Below is an excerpt from ISS-Corporate’s recently released article “EU Sustainability Reporting: Parliament Backs New CSRD Thresholds”. The full article is available on ISS-Corporate’s resources page.
On Monday, 13 October, the EU Parliament´s position on the corporate sustainability Omnibus proposal – including mandatory sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD) – was voted on by the JURI Committee (the European Parliament´s Committee on Legal Affairs).
Regarding reporting thresholds, the Parliament is proposing that the CSRD applies to companies with over 1000 employees and €450 million net turnover.
EU Parliament Advances CSRD Omnibus Proposal
The vote was 17 for, 6 against, and 2 abstentions with MEP Jörgen Warborn (rapporteur on simplified sustainability reporting and due diligence requirements) calling it a “strong support” for simplification.
By:
Leonie Goodwin, Senior Associate, Sustainability Advisory, ISS-Corporate
Eliska Sottova, Associate, Sustainability Product, ISS-Corporate
