The European Union's Corporate Sustainability Reporting Directive will have a wide impact. Around 50,000 businesses will have to report, including thousands of US-based multinationals and their EU subsidiaries. Notification obligations for these entities will be created according to the national legislation of the EU member states adopted under the CSRD. EU member states have until 16 June 2024 to transpose the CSRD into their national laws.

As a leading global ESG compliance and disclosure advisor to multinational companies and asset managers, Ropes & Gray is the source of important ESG developments around the world that impact our clients. We are pleased to present this regularly updated tracker in collaboration with leading law firms across Europe. 

Through the Agreement on the European Economic Area, the three states of the EEA European Free Trade Association – Iceland, Liechtenstein and Norway – fully participate in the EU's internal market. The goal of the EEA Agreement is to achieve a homogeneous EEA based on common rules and equal conditions of competition, thereby extending the EU's internal market to these EEA/EFTA states. This is achieved by incorporating EEA-relevant EU acts into the EEA Agreement and by uniformly interpreting and applying these acts throughout the EEA.