The new year is poised to bring multinational companies greater clarity over whether and how they’ll need to report on their sustainability record, but questions remain over whether businesses will have to prepare separate disclosures to satisfy EU and global standards.
The EU is pressing ahead with plans to require comprehensive sustainability reporting from big companies, covering both the financial risks they face from events like climate change-fueled storms and the damage they do to the world themselves—known as double materiality. The rules are being watered down and will apply to far fewer firms after protests over the extra workload ...
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