The European Commission has published a draft Commission Notice on the interpretation of certain legal provisions in the Accounting Directive, Audit Directive, Audit Regulation, Transparency Directive, Regulation (EU) 2023/2772 (which contains the first set of European Sustainability Reporting Standards), and the Sustainable Finance Disclosure Regulation as regards sustainability reporting. The notice contains a set of replies to FAQs clarifying the interpretation of certain provisions introduced by the Corporate Sustainability Reporting Directive with the aim of facilitating their implementation by undertakings. They aim to support stakeholders in the implementation of the EU corporate sustainability reporting rules.

The FAQs includes (among others) questions addressing:

• sustainability information reporting under Articles 19a and 29a of the Accounting Directive;
• sustainability information reported under Article 40a of the Accounting Directive;
• assurance of sustainability reporting;
• key intangible resources disclosures;
• additional FAQs on requirements for third-country undertakings; and
• the correlation between indicators published under CSRD and those published under SFDR.

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