The European Union is on the verge of adopting the Corporate Sustainability Reporting Directive (CSRD) following a vote in the European Parliament on 10 November 2022. Compared to its predecessor, the CSRD expands the scope of companies required to disclose more detailed information regarding the impact of their activities on sustainability matters in their management report. The goal of the CSRD is to provide more transparency to the public on companies’ sustainability motives and efforts and to help investors and other stakeholders evaluate the non-financial performance of companies.
Gillis Kempe is a partner and candidate civil-law notary in Baker McKenzie’s Corporate Structures group in Amsterdam. He advises on domestic and cross-border corporate restructuring and mergers and acquisitions, including the establishment of new corporate structures. Gillis joined the Firm’s Corporate team in London in August and September 2011.