In addition to the Sustainable Finance Disclosure Regulation (“SFDR”), the long-awaited supporting Regulatory Technical Standards (“RTS”) have been published in the Official Journal of the European Union on 25 July 2022.
Sustainability becomes increasingly important and reporting on ESG (environmental, social and governance) becomes mandatory in the Management report to underline transparently the continuity of the businesses. A common standard is launched by the European Commission under the name of CSRD.
Law of September, 3rd 2017
Belgium has translated the European Directive related to the publication of non-financial information and diversity information for some large entities in the law of September, 3rd 2017. This law amends article 96 of the company code concerning the management report content.