Ireland welcomes progress on EU directive on ESG reporting

Ireland welcomes progress on EU directive on ESG reporting

Robert Troy

The Irish government has welcomed progress on new EU rules for non-financial reporting by companies on environmental, social, human rights and governance matters.

The EU Competitiveness Council in Brussels has agreed to enhanced measures backed by the European Commission and will now enter discussions with the European Parliament on the proposal.

Robert Troy, minister for trade promotion, digital and company regulation, said: “There is an onus on us to require sustainability reporting in a clear way that gives maximum relevant information to investors, consumer and other stakeholders while avoiding unnecessary burdens on companies.”

He added: “Ireland has fully supported this proposal which strikes the right balance by initially including the largest companies before being expanded to listed SMEs.

“While this is a positive step to more enhanced corporate sustainability reporting I believe we should be as ambitious as possible on timelines and stay open to bringing forward the timeframes for implementation as we move into Trilogues with the European Parliament.”

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