The sustainability reporting rules have faced criticism for failing to produce the detailed disclosures required to confront climate change.
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Barely two years after it came into effect, senior figures have confirmed the European Union’s Non-Financial Reporting Directive (NFRD) is to undergo review.
The review will look closely at improvements needed for sustainability reporting rules applied to listed companies across the EU—rules that have faced widespread criticism for failing to produce the kind of reporting required to confront climate change.
Speaking at a recent conference, the European Commission’s vice-president for the economy, Valdis Dombrovskis, conceded that despite the directive, introduced in 2018, there remains a dearth of quality reporting to help invest
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