ARTICLE
11 March 2024

Update: ESG Reporting Obligations In Bulgaria, Croatia, The Czech Republic, Hungary, Romania And Slovakia

K
Kinstellar

Contributor

Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. With offices in 11 jurisdictions and over 350 local and international lawyers, we deliver consistent, joined-up legal advice and assistance across diverse regional markets – together with the know-how and experience to champion your interests while minimising exposure to risk.
February 2024 – With the 6 July 2024 deadline for the implementation of the EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD")...
European Union Corporate/Commercial Law

February 2024 – With the 6 July 2024 deadline for the implementation of the EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD") looming, Member States across the EU have been moving at different speeds to adopt their respective local implementing legislation.

Our second status update on the CSRD implementation in Bulgaria, Croatia, the Czech Republic, Hungary, Romania and Slovakia is available here.

At the time of writing, three of the six countries in Central and Eastern Europe that we have been following – the Czech Republic, Hungary and Romania – have already adopted legislative acts that, at least partially, implement the CSRD into national legislation. Slovakia has brought a draft act to parliament, while the proposals of Bulgaria and Croatia are still pending. Some initial CSRD rules have therefore entered into force in January 2024 in the Czech Republic, Hungary and Romania. Bulgaria, Croatia and Slovakia have indicated that they also intend to transpose the Directive by the deadline.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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