ESG Regulations: What’s coming next?
The dates you need to know to ensure your business stays compliant with ESG regulations globally.
SOURCE: C2P
As the global community becomes increasingly aware of the impact of human activity on the environment, companies are facing mounting pressure to implement sustainable and socially responsible practices. In response, governments and regulatory bodies are introducing a wave of new environmental, social, and governance (ESG) regulations aimed at promoting sustainable business practices and protecting the planet. These regulations cover a wide range of issues, from carbon emissions and energy efficiency to worker safety and human rights. (See Image 1 below)
If you’re a business owner or investor, it’s important to stay up-to-date on these upcoming ESG regulations and their implementation dates.
In this blog, we’ll take a closer look at some of the most significant ESG regulation dates on the horizon.
Image 1: Looming global ESG deadlines. Source: C2P Platform by Compliance & Risks
Republic of Ireland
- Implementing EU Draft Corporate Sustainability Reporting Directive (CSRD), Public Consultation, January 2023
- Date: Mar 09, 2023
- Status: Supporting
- Description: Deadline for Comments
- Implementing EU Draft Corporate Sustainability Reporting Directive (CSRD), Public Consultation, January 2023
- Date: Jan 01, 2024
- Status: Supporting
- Description: Proposed Compliance Deadline: Expected mandatory requirements commencing for financial years on or after given dates for companies and public interest entities in scope of the existing rules (greater than 500 employees)
- Implementing EU Draft Corporate Sustainability Reporting Directive (CSRD), Public Consultation, January 2023
- Date: Jan 01, 2025
- Status: Supporting
- Description: Proposed Compliance Deadline: Expected mandatory requirements commencing for financial years on or after given dates for other large companies and public interest entities (greater than 250 employees)
- Implementing EU Draft Corporate Sustainability Reporting Directive (CSRD), Public Consultation, January 2023
- Date: Jan 01, 2026
- Status: Supporting
- Description: Proposed Compliance Deadline: Expected mandatory requirements commencing for financial years on or after given dates for listed SMEs, with an ‘opt out’ possible until 2028.
India
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021
- Date: Mar 31, 2023
- Status: In force
- Description: Compliance deadline – top 1000 listed entities based on market capitalization shall submit a business responsibility and sustainability report in the format specified by SEBI.
Finland
- Amending the Auditing Act to Implement the Corporate Sustainability Reporting Directive (CSRD), Draft Law, November 2022
- Date: Apr, 2023
- Status: Proposed
- Description: Proposed date of publication of final draft law
- Accounting Act, 1336/1997 – Proposed Amendment – (on implementing EU Draft Corporate Sustainability Reporting Directive (CSRD)) Draft Regulations, November 2022
- Date: Apr, 2023
- Status: Proposed
- Description: Proposed date of publication of final draft law
Japan
- Disclosure of Corporate Affairs, Order No. 5, 1973 and Others – Proposed Amendment – (on disclosures regarding sustainability initiatives and corporate governance) Draft Order, November 2022
- Date: Apr 01, 2023
- Status: Proposed
- Description: Proposed compliance deadline: Securities registration statements and reports for business years ending before 31 March 2023 shall be subject to the previous rules.
Germany
- Corporate Due Diligence In Supply Chains Act, BGBl. 2959, 2021
- Date: May 01, 2023
- Status: In force
- Description: Compliance deadline for the annual submission of reports by impacted companies
- Corporate Due Diligence In Supply Chains Act, BGBl. 2959, 2021
- Date: From Jan 01, 2024 to May 01, 2024
- Status: In force
- Description: Compliance deadline for the annual submission of reports by companies with at least 1,000 people (reports must be submitted within 4 months after the end of the financial year)
Indonesia
- Form and Content of Sustainability Reports for Financial Services, Issuers and Public Listed Companies, Circular No. 16 /SEOJK.04/2021
- Date: Jun 29, 2023
- Status: In force
- Description: Date Published
European Union (EU) / European Economic Area
- Annual Financial Statements, Consolidated Financial Statements and Related Reports of Certain Undertakings, Directive 2013/34/EU & Others – Amendment – (on corporate sustainability reporting), Directive (EU) 2022/2464
- Date: Jan 01, 2024
- Status: In force
- Description: Date of Application
- Annual Financial Statements, Consolidated Financial Statements and Related Reports of Certain Undertakings, Directive 2013/34/EU & Others – Amendment – (on corporate sustainability reporting), Directive (EU) 2022/2464
- Date: Jul 06, 2024
- Status: In force
- Description: Deadline for transposition by Member States
United Kingdom (UK)
- Sustainability Disclosure Requirements (SDR) and Investment Labels, Consultation Document CP22/20, October 2022
- Date: Jun 30, 2024
- Status: Supporting
- Description: Proposed date of entry into force of labelling, naming and marketing and initial disclosure requirements
- Sustainability Disclosure Requirements (SDR) and Investment Labels, Consultation Document CP22/20, October 2022
- Date: Jun 30, 2025
- Status: Supporting
- Description: Proposed date of entry into force of the first ongoing sustainability performance-related disclosures
Netherlands
- Responsible and Sustainable International Business Conduct, Revised Draft Law, November 2022
- Date: Jul 01, 2024
- Status: Proposed
- Description: Proposed date of entry into force.
- Responsible and Sustainable International Business Conduct, Revised Draft Law, November 2022
- Date: Jan 01, 2025
- Status: Proposed
- Description: Proposed date of entry into force of Art. 3.2.1 through 3.2.4 on enforcement and penalties.
- Responsible and Sustainable International Business Conduct, Revised Draft Law, November 2022
- Date: Jul 01, 2025
- Status: Proposed
- Description: Proposed date of entry into force of Art. 3.2.5 and 3.2.6 on offence and civil action.
Stay Ahead Of ESG Regulations
Compliance & Risk’s ESG Solution enables organizations to manage their ESG program by
- Staying on top of evolving ESG Regulations
- Setting and managing their ESG goals and targets.
- Demonstrating compliance to evolving regulatory requirements, and other Internal and external stakeholder requirements.
Image 2: Global ESG Regulations Monitored on C2P – Source: C2P ESG Solution
Edited by Joanne O'Donnell
With almost 20 years post-qualification experience, Joanne heads up our Global Regulatory Compliance team. Learn more about Joanne
She has extensive national and international legal experience in private practice, in-house and industry and has been with Compliance and Risks for 12 years. She helps support our clients with their legal compliance challenges with a particular interest and focus on ESG, Sustainability, Climate Change and Human Trafficking and Slavery/Forced Labour.
Joanne has a Bachelor of Arts (Legal and French) and a Bachelor of Law (LLB) from the National University of Ireland, Galway, Ireland and a Masters in International law (LLM) from the Graduate Institute of International and Development Studies, Geneva, Switzerland. She also has a Masters Degree in French from the University of Limerick, Ireland and is a fluent French speaker. She recently completed a Masters course in Business and Human Rights at the University of Bergen, Norway. She qualified as a Solicitor with the Law Society of Ireland in 2003.
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