The tsunami of sustainability disclosures facing American multinationals: Is your company prepared?
5 min read - Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. On July 31, 2023, the European Union (EU) adopted the European Sustainability Reporting Standards (ESRS) and published them as “final rules” for the Corporate Sustainability Reporting Directive (CSRD), the most far-reaching set of disclosure requirements companies have to comply with, covering 12 environmental, social, and governance (ESG) standards. CSRD will…