Eumedion moderately positive about proposed European directive on corporate sustainability reporting

News · 21-04-2021

Eumedion supports the European Commission's proposal to soon develop European sustainability reporting standards. However, these European reporting standards should, as far as possible, make way for international sustainability reporting standards in the medium term. Only if the European Union (EU) has specific policy objectives in the area of sustainability, there is room for a European sustainability reporting standard in that area. In all other cases, the EU should follow the international reporting standards prepared by the IFRS Foundation’s International Sustainability Standards Board. This is Eumedion’s key message regarding the European Commission's proposal for a directive on corporate sustainability reporting that was published today.


Eumedion is pleased that the European Commission has included a mechanism in the proposed directive whereby the sustainability reporting standards are to be reviewed every three years, taking into account the developments with regard to international standard. Eumedion also welcomes the proposal that the external auditor should provide at least limited assurance on the sustainability information reported by listed companies. Eumedion believes, however, that the external auditor should provide reasonable assurance on the specific sustainability targets and indicators that need to be disclosed in conformity with the sustainability reporting standards. According to Eumedion, this would enhance the quality and reliability of the reported sustainability information. 

Relevant documents

Eumedion statement regarding the proposed corporate sustainability reporting directive

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European Commission's proposal for a corporate sustainability reporting directive

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