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23.3.2021ENOfficial Journal of the European Union 100/1IV (Notices)NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIESEUROPEAN COMMISSION NOTICE Guidelines for economic operators
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The new EU regulation is focused on enhancing transparency in corporate sustainability reporting, requiring companies to disclose detailed information about their environmental, social, and governance practices.
Companies that meet certain criteria, including large public-interest entities and organizations with over 250 employees or significant revenue, are required to file under the new EU regulation.
Filling out the new EU regulation requires companies to collect data on their sustainability practices, compile a report following the prescribed guidelines, and submit it through the designated online platform.
The purpose of the new EU regulation is to promote accountability and sustainability among companies, ensuring that stakeholders have access to essential information regarding corporate impacts on society and the environment.
Companies must report information related to their business model, policies implemented, outcomes of those policies, risks associated with sustainability, and performance indicators relevant to environmental, social, and governance issues.
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