Minister Calleary encourages Irish businesses to prepare for new European Sustainability Reporting Standards


January 2023

Public consultation on Corporate Sustainability Reporting Directive will open next week

Minister of State with responsibility for Company Regulation at the Department of Enterprise, Trade and Employment, Dara Calleary TD, on 26th January 2023 held a webinar on the Corporate Sustainability Reporting Directive (CSRD), which entered into force on 5 January 2023.
EU member states now have 18 months in which to transpose the directive into law.

The purpose of the webinar was to introduce the directive, and the European Sustainability Reporting Standards arising out of it, to Irish businesses so that they can begin their preparations.

The Minister was joined by over 500 stakeholders including members of the EU Commission, the European Financial Reporting Advisory Group (EFRAG), Chartered Accountants Ireland and officials from the Department of Enterprise, Trade and Employment. Presentations covered topics such as, the overall goal of the directive, the sustainability reporting standards, how business can prepare, and the transposition process.

Find out more here.