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🖱 Highlighted text: clickable link (to our project page.)
2019: European Green Deal and Sustainable Finance Disclosures Regulation.
2020: 2030 EU climate target (-55%); EFRAG to standardize connected financial and sustainability reporting (IFRS, GRI, SASB/IIRC, TCFD, WICI, UN).
2021: Strategy for financing the transition to a sustainable economy; CSRD announced (changes in EU accounting and audit law); Reprex Eviota concept based on our iotables 0.4.7, which was updated with environmental impact analysis.
2022: EU Taxonomy (“Climate Delegated Act” see: FAQ). Reprex Music Eviota with MusicAIRE and wins Hague Innovators Award Audience Prize; Horizon Europe Research & Innovation winner.
2023: Corporate Sustainability Reporting Directive (CSRD); first 50,000 companies apply the new rules for the financial year 2024 (report in in 2025.) Investors, banks, insurance companies, granting organizations, corporate donors, even audiences want to see more and more proof of conducting sustainable business.
2024: CSRD for the first 50,000 companies.
2025: First mandatory connected reporting for 50,000 large companies and listed SMEs.
2026: The European Commission plans to extend the EU taxonomy to six environmental objectives and rules for about 50,000 companies by 2026. Many small companies will have to make mandatory disclosures and reporting.
In 2020 the European Commission requested technical advice, mandating the European Financial Reporting Advisory Group, EFRAG, to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised EU Non-Financial Reporting Directive (i.e., harmonizing financial reporting and audit with connected sustainability reporting) within the framework of the European Green Deal sustainable finance package and the Corporate Social Responsibility Directive.
🖱 Link: EUROPEAN LAB – Project Task Force on Preparatory Work for the Elaboration of Possible EU Non-Financial Reporting Standards
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