While the frameworks share similar aims, they differ in scope and depth of requirements
EU Taxonomy
Financial market participants will soon face a new framework for disclosures that promises to remedy market concerns about complexity, product classification, and data availability.
Clarification on the templates that may be used for the 2025 financial year, the scope and operation of the two-year opt-out from detailed Taxonomy reporting, and the application of materiality.
The group will provide advice on the simplification and revision of the EU Taxonomy.
Following mixed feedback, focus is shifting to other sustainable finance initiatives.
As the US marked Independence Day, large companies – including many US-based multinationals – were given their own reason to celebrate.
Members of US Congress and State Officials call for action against the EU CSDDD and CSRD.
Observations about the European Commission’s first “simplification omnibus package” to amend the CSRD and CSDDD.