Council of the European Union and European Parliament 14 December 2022, Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting (Text with EEA relevance)

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Directive (EU) 2022/2464 establishes a comprehensive framework for corporate sustainability reporting by amending existing Union regulations and directives to require large undertakings and listed small and medium-sized enterprises to disclose information on environmental, social, and governance factors. Key provisions introduce mandatory sustainability reporting standards, the double materiality perspective, and a requirement for limited assurance of reported information by statutory auditors or independent service providers. The measures are phased in starting January 1, 2024, for large public-interest entities, progressively extending to other large undertakings and listed SMEs through 2028.AI