Jon McGowan
Contributor at Forbes
Attorney. Business law and international legal development. Some local and state issues. @forbes contributor on ESG
Articles
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1 week ago |
forbes.com | Jon McGowan
In February, the European Commission adopted a proposal to drastically reduce sustainability reporting requirements in the European Union. The reductions must also be approved by the Parliament and the Council of the European Union before being adopted into national law. On April 16, the Council released its draft position. It mostly aligns with the Commission’s proposal, but with some changes.
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1 week ago |
forbes.com | Jon McGowan
In February, the European Commission adopted an omnibus proposal to drastically reduce sustainability reporting requirements in the European Union. Initially, the focus was on delaying the implementation reporting requirements until 2028. Now that the “stop the clock” directive has been adopted, focus shifts to the broader reforms.
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1 week ago |
forbes.com | Jon McGowan
On April 8, the European Financial Reporting Advisory Group announced a public call for input on the proposed rewrite of sustainability reporting standards. The request is in response to a letter from Maria Luís Albuquerque, the EU Commissioner for Financial Services and Investments, asking for updated recommendations to comply with the current proposal. EFRAG was given until April 15 to draft a timeline with a target completion deadline of October 31.
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2 weeks ago |
forbes.com | Jon McGowan
On April 3, the European Parliament overwhelming approved delaying new corporate sustainability reporting requirements until 2028. The vote comes as part of a push to reduce sustainability reporting requirements found in the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive. Following the anticipated final approval by the Council, member countries will have until December 31 to adopt the “stop the clock” directive into national law.
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3 weeks ago |
forbes.com | Jon McGowan
On April 3, the European Parliament overwhelming approved delaying corporate sustainability reporting requirements until 2028, for fiscal year 2027. The vote comes as part of a push to simplify and reduce sustainability reporting requirements found in the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive.
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