Polish law implementing the EU Corporate Sustainability Reporting Directive
8 January 2025
The Act of 6 December 2024 Amending the Accounting Act, the Act on Statutory Auditors, Audit Firms and Public Oversight and Certain Other Acts (hereinafter referred to as the "Act") came into force on 1 January 2025. The Act implements into Polish law new sustainability reporting obligations, in line with the European Sustainability Reporting Standards (hereinafter referred to as the "ESRS") introduced by Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No. 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU on corporate sustainability reporting (hereinafter referred to as the "CSRD"). The main objective of the CSRD is to ensure that more companies report relevant, comparable and reliable sustainability information. This is essential to achieve the goal of redirecting capital towards the financing of companies that are developing in a sustainable way or are striving for such a transition.
Clifford Chance
