The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU reporting standards on sustainability to help improve environmental, social and governance (ESG) disclosures and consequently lead to greater relevance, comparability and reliability of ESG reporting across the EU. AmCham EU is a strong supporter of the Directive’s objective. At the same time, we also recognise the significant changes that new reporting requirements entail. We, therefore, advocate for a proportionate approach to balance the growing demand for ESG data from the investment and stakeholder community, with the growing burden companies face in gathering, preparing, assuring and reporting such data. In our position paper, we outline key priority areas such as international convergence, double materiality, dual-listed securities or timing and consistency concerns.
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Ensuring a predictable framework for EU sustainability reporting
AmCham EU has joined 16 industry partners in urging support for the amended Taxonomy Delegated Act. With application set for 1 January 2026, any delay would create legal uncertainty and disrupt company preparations already underway. The revised rules offer simplified and more consistent reporting obligations, essential for business confidence and regulatory stability. Reopening the process now would increase costs and undermine Europe’s competitiveness. Learn why timely adoption of the Delegated Act is critical to ensure predictable implementation, maintain trust in the EU Taxonomy framework and support companies’ sustainability efforts in the joint industry statement.
Addressing extraterritoriality in the EU’s sustainability framework
Joining other third-country business groups, AmCham EU has co-signed a joint statement outlining concerns about the extraterritorial implications of the Corporate Sustainability Due Diligence Directive (CS3D) and the Corporate Sustainability Reporting Directive (CSRD). The letter highlights concerns regarding legal uncertainty created by certain extraterritoriality requirements in the ongoing Omnibus 1 process and outlines recommendations to ensure a clear, workable framework for all companies operating in or engaging with the EU market.
Getting Omnibus I right: addressing extraterritorial reach and global business impacts in the CSDDD and the CSRD
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