In International Financing Review, Michael Littenberg Discusses U.S. and EU Sustainability Reporting Rules

In an International Financing Review (IFR) article on European Union (EU) sustainability reporting pressure building in the U.S., partner Michael Littenberg, global head of the firm’s ESG, CSR and Business and Human Rights compliance practice, explained that companies will soon have more visibility and certainty into the right course of sustainability reporting action as the stop-the-clock proposal comes up for a vote in the European Parliament.

The European Council recently announced its support for the stop-the-clock proposal that would push back some compliance dates under the EU’s Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive. The stop-the-clock proposal is part of the European Commission’s broader Omnibus simplification proposal.