Improvements could be expected as reporting experience grows, but the sustainability Omnibus adds uncertainty to this messy start.

Shift to reasonable assurance has been postponed under new draft – subject to parliamentary approval. Enforcement Each EU member state is responsible for enforcing CSRD. Regulatory authorities will ...

Audit and assurance: The proposal removes the possibility for the EC to introduce stricter requirements under reasonable assurance.

Starbucks baristas, seen here during an annual shareholders meeting in Seattle in 2019, have staged walkouts over dress code restrictions at more than 100 coffee shops. Ted S. Warren/Associated Press ...

There are also minimal changes proposed to the assurance requirements on CSRD reports. The current CSRD requires covered entities to obtain limited assurance on their reports, with plans to transition ...

This exclusive research paper from Workiva uncovers how Wave 1 companies addressed the Corporate Sustainability Reporting Directive (CSRD) in its first year of reporting—and how they are turning CSRD ...

• Assurance requirements: The Commission will no longer be required to adopt reasonable assurance requirements as currently envisaged after 1 October 2028. • Voluntary standards and value chain ...

The first omnibus package (Omnibus I) would have a significant impact on the CSRD if adopted in its current form. The proposed changes to the Directive can be summarised as follows: Reduction of ...

Reporting to the CSRD isn’t just about ticking boxes—it’s a chance for companies to lead in sustainability and demonstrate accountability to investors, customers and regulators.

Presently, the requirement is for limited assurance, but the CSRD indicates that this could potentially evolve into a requirement for the higher threshold of “reasonable assurance” under ...

CSRD reporting will continue to be subject to limited assurance, and the Omnibus Package does not introduce any further delays beyond the two-year general stop-the-clock extension.