EU’s sustainability reporting rules set to have major effect on Cypriot companies

In a major shift toward corporate accountability, the EU has recently overhauled its sustainability reporting rules under the Non-Financial Reporting Directive (NFRD) pertinent to large, listed companies, banks, and insurers with 500+ employees. The new Corporate Sustainability Reporting Directive (CSRD), adopted in December 2022, not only strengthens these requirements but also creates additional, complex challenges. […]