Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS)
Sustainability reports have undergone significant evolution with the implementation of Directive 2022/2464 (CSRD). Despite the standardization efforts through the European Sustainability Reporting Standards (ESRS) developed by EFRAG, in 2023, the European Commission proposed significant reductions i...
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| Format: | Article |
| Language: | English |
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The John Paul II Catholic University of Lublin
2024-09-01
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| Series: | Review of European and Comparative Law |
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| Online Access: | https://czasopisma.kul.pl/index.php/recl/article/view/17459 |
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| _version_ | 1849736116956037120 |
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| author | Virginia Martínez-Torres |
| author_facet | Virginia Martínez-Torres |
| author_sort | Virginia Martínez-Torres |
| collection | DOAJ |
| description | Sustainability reports have undergone significant evolution with the implementation of Directive 2022/2464 (CSRD). Despite the standardization efforts through the European Sustainability Reporting Standards (ESRS) developed by EFRAG, in 2023, the European Commission proposed significant reductions in reporting requirements, with cuts of up to 50%. This step back in the requirements has caused uncertainty about the CSRD’s ability to ensure effective environmental sustainability reporting. The changes, formalized in Delegated Regulation (EU) 2023/2772, represent a turning point in regulating corporate sustainability, and their adequacy in achieving transparency and comparability objectives continues to be a matter of debate.
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| format | Article |
| id | doaj-art-d402ea3888434c7ca3e9af842b3d724f |
| institution | DOAJ |
| issn | 2545-384X |
| language | English |
| publishDate | 2024-09-01 |
| publisher | The John Paul II Catholic University of Lublin |
| record_format | Article |
| series | Review of European and Comparative Law |
| spelling | doaj-art-d402ea3888434c7ca3e9af842b3d724f2025-08-20T03:07:21ZengThe John Paul II Catholic University of LublinReview of European and Comparative Law2545-384X2024-09-0158310.31743/recl.17459Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS)Virginia Martínez-Torres0University of GranadaSustainability reports have undergone significant evolution with the implementation of Directive 2022/2464 (CSRD). Despite the standardization efforts through the European Sustainability Reporting Standards (ESRS) developed by EFRAG, in 2023, the European Commission proposed significant reductions in reporting requirements, with cuts of up to 50%. This step back in the requirements has caused uncertainty about the CSRD’s ability to ensure effective environmental sustainability reporting. The changes, formalized in Delegated Regulation (EU) 2023/2772, represent a turning point in regulating corporate sustainability, and their adequacy in achieving transparency and comparability objectives continues to be a matter of debate. https://czasopisma.kul.pl/index.php/recl/article/view/17459NFRDNFISCSRDESRSEFRAG |
| spellingShingle | Virginia Martínez-Torres Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) Review of European and Comparative Law NFRD NFIS CSRD ESRS EFRAG |
| title | Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) |
| title_full | Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) |
| title_fullStr | Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) |
| title_full_unstemmed | Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) |
| title_short | Regulatory Developments on Sustainability Issues in Light of Delegated Regulation (EU) 2023/2772 (ESRS) |
| title_sort | regulatory developments on sustainability issues in light of delegated regulation eu 2023 2772 esrs |
| topic | NFRD NFIS CSRD ESRS EFRAG |
| url | https://czasopisma.kul.pl/index.php/recl/article/view/17459 |
| work_keys_str_mv | AT virginiamartineztorres regulatorydevelopmentsonsustainabilityissuesinlightofdelegatedregulationeu20232772esrs |