Belgium has officially adopted the European Union’s Corporate Sustainability Reporting Directive (CSRD) into national law, marking a significant advancement in sustainability reporting standards. The CSRD introduces more rigorous requirements for companies to disclose environmental, social, and governance (ESG) information in alignment with the European Sustainability Reporting Standards (ESRS). 

This directive ensures consistent, comparable, and reliable ESG data, providing transparency crucial for investor decision-making across the EU. By expanding beyond the previous Non-Financial Reporting Directive (NFRD), Belgium’s transposition of the CSRD harmonizes its reporting frameworks with EU-wide mandates, fostering a more standardized approach to ESG disclosures. 

Under the CSRD, companies must report in-depth data on climate impact, workforce diversity, human rights practices, and anti-corruption measures. These reports will emphasize verifiability and comparability, compelling businesses to adjust their data collection and governance practices accordingly. Large Belgian companies, already subject to the NFRD, will be the first to comply, starting with financial years commencing on or after January 1, 2024. 

The phased implementation allows smaller companies more time to prepare, but the directive mandates comprehensive cross-departmental coordination for effective compliance. Companies failing to meet these obligations risk regulatory fines, audits, and reputational damage, underscoring the importance of adopting robust ESG and carbon neutral strategies. 

Belgium’s alignment with the CSRD exemplifies its commitment to fostering sustainable business practices and promoting transparency. By adhering to these updated standards, Belgian companies can enhance their ESG performance, align with EU goals, and bolster investor confidence in their sustainability efforts. 

The law will officially take effect upon publication in the Belgian Official Gazette, paving the way for a new era of ESG reporting and accountability. 

资料来源  

https://insightplus.bakermckenzie.com/bm/environment-climate-change_1/belgium-transposes-the-eus-corporate-sustainability-reporting-directive-into-national-law 

https://www.linklaters.com/insights/thought-leadership/corporate-sustainability-transposition-tracker/corporate-sustainability-transposition-tracker 

https://www.climate-court.com/post/17-eu-countries-under-scrutiny-for-failing-to-transpose-corporate-sustainability-reporting-directive 

https://www.esgdive.com/news/european-commission-warns-17-member-states-to-incorporate-csrd/728571/