European Sustainability Reporting Standards

MEPs “hold the fort for sustainable business” October 18, 2023: Today, the European Parliament voted on a cross-party motion to reject the proposed European Sustainability Reporting Standards (ESRS). This indispensable piece of Europe’s sustainable finance agenda will ensure businesses identify the sustainability of their operations and transparently convey ESG information to investors and consumers. The resolution for rejection did not gather majority support, with MEPs voting for the private sector to play its part in the journey to a sustainable, just economy. The ESRS are set to come into force before the end of the year. Large companies will identify and disclose the