A new Corporate Sustainability Reporting Directive (CSRD) was adopted by the EU in April 2021 to meet the goals of the Paris Agreement on climate change. In the range of companies (which include those admitted to trading on an EU regulated market, large EU companies and groups, and non-EU companies generating annual EU revenues in excess of €150 million, with an annual net turnover of an EU branch of €40 million) they will have detailed reporting requirements on their ESG activities that must be disclosed alongside the company's financial statement. (Neil Robson, Brigitte Weaver, Christy Wilson more at lexology.com)