Kategorie: Corporations
Amendment to the Transformations Act: what is changing?
The long-awaited amendment to the Act on Transformations of Commercial Companies and Cooperatives (hereinafter the “Transformations Act”) brings about significant changes to the legal regulation of transformations with effect from 19 July 2024. Although the amendment is primarily a reaction to an EU Directive[1], some of the changes brought by the amendment are the result …
Read moreDirective on Corporate Sustainability Due Diligence (CS3D)
The European Parliament has approved the Directive on Corporate Sustainability Due Diligence (CSDDD) or CS3D (the “CS3D”)[1] . The CS3D sets out rules for the conduct of large corporations with respect to human rights in their operations, including production, employment and subcontracting chains. About CS3D in general CS3D obliges companies to mitigate the negative impacts …
Read moreESRS standards – G in ESG
In the last two articles, we have looked at the environmental impacts of “ESRS standards – E in ESG” link here and the social factors of “ESRS standards – S in ESG”, which can be found in the link here.In this article, we will focus on the third and final area. The letter G or …
Read moreESRS standards, reporting content and general reporting information
The CSRD, the European Union’s Corporate Sustainability Reporting Directive, will gradually introduce new obligations to provide more detailed and comparable information on the sustainability of companies and the non-financial aspects of their business from 2024. ESRS (European Sustainability Reporting Standards) provide guidance on what information companies will be required to report and how. The obligation …
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