CBAM: Consultations for reporting obligations closed in July, reporting obligations start 1 October 2023
The Carbon Border Adjustment Mechanism (CBAM), touted as the EU’s “landmark tool” to combat carbon leakage, underwent another round of public consultations, this time on the reporting obligations that importers will have to adhere to. The consultations closed in July, with a total of 187 submissions of feedback received by the Commission, demonstrating the wide interest from companies and governments across the world in the CBAM’s implementation. The CBAM entered into an 18-month transitional phase from 1 October 2023 until the end of 2025.
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Enter in the stadium and get your live professional football game supporter experience for free thanks to our corporate members ACA Football Partners (ACAFP) and their club KMSK Deinze in Belgium
Corporate Sustainability Reporting Directive – More Obligations for Companies to Report on Their Sustainability Efforts
On the 5th of January 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force as part of the European Union’s wider commitment towards the European Green Deal. Estimated to affect most firms operating within the EU, the CSRD and the CSDDD, which is in the works, are poised to increase the reporting obligations of companies conducting businesses in the EU single market.