Linklaters Italy ESG GEMS - May 2024

Welcome to the latest edition of our ESG GEMS.

In this issue, we delve into significant legislative advancements and guidelines within the EU that are set to reshape the landscape of sustainable business practices. 

We'll explore the formal adoption of the Corporate Sustainability Due Diligence Directive (CSDDD) by the Council, the enactment of the Critical Raw Materials Act, and the publication of ESMA's Final Guidelines on the usage of ESG and sustainability-related terms in fund names. Lastly, we introduce our new "Transposition and Goldplating Tracker," a crucial tool for navigating the Corporate Sustainability Reporting Directive across new EU member states.

Featured content

• Webinar | Charting the Course: Facilitating finance for the transition to a sustainable economy
• Webinar recording | Deal on the EU CSDDD – A game changer for business and human rights

Disclosure and Reporting

• EU CSRD: Directive allowing two-year delay for sector-specific ESRS and ESRS for non-EU companies published in the Official Journal of the EU
• New EU member state "Transposition and Goldplating Tracker" for the EU's Corporate Sustainability Reporting Directive

Climate Change and Environment

• EU: The Council formally adopts the CSDDD
• EU: Critical Raw Materials Act came into force

Sustainable Finance

• EU: ESMA publishes its awaited Final Guidelines on funds’ names using ESG or sustainability-related terms