Position paper - Joint association letter on Corporate Sustainability Reporting Directive

The proposed Corporate Sustainability Reporting Directive (CSRD) significantly extends the scope of sustainability reporting of all large and listed companies. AmCham EU firmly supports and advocates for a strong and ambitious response to climate change. However, we identify risks that result from the proposed extraterritorial scope of application of the CSRD to non-EU exposures, which would affect both EU and, to a greater extent, non-EU companies. The following statement points to five main areas for refinement.