IIA ja ECIIA blogidest

The European Parliament adopted its position on the Green Claims Directive establishing rules for validating voluntary green claims. During a press conference, co-rapporteurs MEP Cyrus Engerer (S&D/Malta) and MEP Andrus Ansip (RE/Estonia) explained that the directive targets greenwashing and protects the environment, consumers, and businesses that concretely contribute to the environment. Key provisions of the adopted text include: […]

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The European Commission adopted a communication outlining the outcomes of the Clean Transition Dialogues, which involved industry and social partners to support the implementation of the European Green Deal. Within this communication, the EC pledges to: Read more here.

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The Commission, the Council, the EP and the ECB published their joint report assessing developments in the EU market for carrying out statutory audits on public-interest entities (PIEs) from 2019 to 2021. It focuses on market concentration, the risks arising from audit quality deficiencies and the performance of audit committees.

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ESG topics are still a priority for the European Regulator and the CSDDD should be amended soon, with a reduced scope. Please find below the details.

The post Factsheet: Corporate Sustainability Due Diligence Directive appeared first on ECIIA.

On 15 March 2024, the Council endorsed the agreement on the Corporate Sustainability Due Diligence Directive (CS3D) following the compromise text proposed by the Belgian Presidency. The agreement comes after months of uncertainty and continuous negotiations between the Presidency and Member States, in pursuit of securing a qualified majority of parties agreeing on the text. […]

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The  European Parliament just approved the Artificial Intelligence Act that ensures safety and compliance with fundamental rights, while boosting innovation. The regulation agreed in negotiations with member states in December 2023, was endorsed by MEPs with 523 votes in favour, 46 against, and 49 abstentions. It aims to protect fundamental rights, democracy, the rule of law and […]

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As announced at the ESG Day in December, DG Fisma asked the CEAOB to work on the adoption of non-binding assurance guidelines to help independent assurance providers, in the absence of EU standards. There will be a consultation that should be published before the end of 2024. In addition, they ask technical advice (before May 2025) for the […]

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EFRAG released the second set of Explanations to respond to stakeholders’ technical questions on the ESRS. These responses are provided as part of EFRAG’s role as technical advisor to the European Commission and are expected to provide a practical and timely support for preparers and others in the implementation of ESRS.  The 12 Explanations released […]

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European policymakers have reached an agreement on the EU legislation on the Solvency II Directive. Accordingly, the balance sheet disclosed as part of the solvency and financial condition report will be subject to an audit by a statutory auditor for all insurance and reinsurance undertakings, apart from small and non-complex undertakings and captive insurance and […]

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European policymakers have reached an agreement on the EU legislation on the Solvency II Directive. Accordingly, the balance sheet disclosed as part of the solvency and financial condition report will be subject to an audit by a statutory auditor for all insurance and reinsurance undertakings, apart from small and non-complex undertakings and captive insurance and […]

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