Position paper - Corporate Sustainability Reporting Directive - FAQ recommendations

In light of the Directorate‑General for Financial Stability, Financial Services and Capital Markets Union’s (DG FISMA) ongoing work in compiling an FAQ document to guide Member States in the implementation of the Corporate Sustainability Reporting Directive (CSRD), the European Commission should be aware of shared challenges related to the differences between fiscal years of subsidiaries and parent undertakings and transitional consolidation that many American companies have been facing and address these issues with proposed solutions.