EU Companies Get ESG Rules Aimed at Addressing Climate Risks (1)

Tens of thousands of companies operating in Europe face new requirements to report their operations’ ESG impacts as the European Union pushes ahead with a plan to address climate change and environmental degradation through increased transparency and market pressure.

The European Commission said Monday that it adopted a checklist that companies must use to disclose the effects of climate change and other environmental and social factors on their businesses, and also report their impact in places they operate. The new European Sustainability Reporting Standards are the mechanism for implementing the EU’s Corporate Sustainability Reporting Directive, the first initiative globally to ...