Like many nations, Belgium has kept businesses going during the COVID-19 pandemic through various support measures. While that support has been essential, it’s also keeping struggling businesses artificially alive.
The European Commission has released the results of its legislative review of corporate reporting in the EU. While comprehensive changes are underway to enhance sustainability reporting in the EU, financial reporting is assessed as being broadly fit-for-purpose.
The draft Corporate Sustainability Reporting Directive adopted by the European Commission this week could be a game-changer for corporate reporting in Europe and beyond.
The European Commission has presented long-awaited and comprehensive legal proposals paving the way towards enhanced sustainability disclosures for a large swathe of companies operating in Europe.