The New Wave of ESG Regulatory Framework

Poul Lykkesfeldt () and Laurits Louis Kjaergaard ()

Chapter Chapter 16 in Investor Relations and ESG Reporting in a Regulatory Perspective, 2022, pp 127-136 from Springer

Abstract: Abstract Through corporate social responsibility (CSR), most companies and investors have already embraced sustainability, and increasingly, this megatrend will underpin all future legislation. However, even though commitments are high, and sustainability is included in all newly announced strategy updates from companies, it seems that few have sincerely considered or implemented the reporting and regulatory aspects of sustainability. In December 2019, the EU presented its green deal framework. This was the beginning of a long journey to implement legislation and a policy response to contribute to a carbon-natural EU society by 2050. In the wake of the COVID-19 pandemic, the green deal adapted to include the recovery and resilience plans to stabilise the EU economy and invest and mobilise ~1 trillion euro (1.1 trillion US dollar) to support sustainable investments between 2021 and 2027 to ensure a green transition. As a result, EU regulators have passed regulation on coined taxonomy, CSRD, SFDR and amendments to MiFID II.

Keywords: CSR; United Nations; Global Compact; SDGs; Green deal; Taxonomy; CSRD; SFDR (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05800-4_16

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DOI: 10.1007/978-3-031-05800-4_16

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