European Businesses Poised to Lead Global ESG Reporting Rollout

First-of-their-kind European Union standards for mandatory corporate sustainability reporting take effect in 2024, though it remains unclear how they will mesh with separate international standards and whether countries outside of the bloc will follow a similar approach.

The European Union has passed into law requirements for companies to report on the damage they cause to the world, as well as the financial risks they face from a changing environment. The rules apply to big EU companies and any foreign companies with a sizeable presence in the region.

The rules are being introduced in phases over the next few years, applying ...