European Commission Sets the Agenda: ESG Reporting Requirements in the EU and the U.S.

As part of a general policy of improving transparency on environmental, social and corporate governance (“ESG”) matters, the EU has adopted a new law known as the Corporate Sustainability Reporting Directive (“CSRD”). The CSRD will require thousands of companies, both inside and outside the EU, to report on their sustainability credentials. During the process of its adoption, the CSRD attracted far less controversy than its U.S. counterpart, the proposed SEC climate rules. This is surpri