Non-financial disclosures requirements as a regulation model for promoting and imposing sustainable finance within the European Union
Аннотация
The Author is going to analyse the role of non-financial disclosures in the achieving goals established in the European Green Deal (EGD). There is the presentation of the aims presented in the EGD and created within the EU regulations in the area of sustainable finance. The Author also explained the definition of sustainable finance. In the last part of the Article the Author presented the current state and recommended change in the rules of non-financial reporting. Finally, the Article presented the connection between non-financial reports and sustainable finance and usability of CSRD in the architecture of sustainable finance.
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Sources of law
Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, OJ L 442, 9.12.2021
Communication from the Commission — Guidelines on non-financial reporting (methodology for reporting non-financial information), C/2017/4234, OJ C 215, 5.7.2017, p. 1–20.
Communication from the Commission — Guidelines on non-financial reporting: Supplement on reporting climate-related information, C/2019/4490, OJ C 209, 20.6.2019, p. 1–30.
Communication from the Commission to the European Parliament, The European Council, The Council, The European Economic And Social Committee And The Committee Of The Regions. The European Green Deal, COM/2019/640 final.
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Directive 2003/87/EC of the European Parliament a-nd of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC, OJ L 275, 25.10.2003, p. 32–46.
Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups, OJ L 330, 15.11.2014, p. 1–9.
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Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting, COM/2021/189 final
Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014,OJ L 171, 29.6.2016, p. 1–65.
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DOI: http://dx.doi.org/10.17951/bc.2021.6.129-144
Date of publication: 2022-01-17 11:21:20
Date of submission: 2021-12-12 14:09:12
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