Authors: Andreas Koutoupis, George Thanassas, Theano Skourti, Konstantina Tatsi, Leonidas Davidopoulos

Title: Sustainability Reporting and Assurance in the context of Europe and US: A regulation overview

Abstract

We briefly pinpoint the main sustainability disclosure regulation in US and European Union. In both continents relative disclosure mandates reporting on the whole spectrum of ESG that commences in 2024.This new disclosure environment poses great challenges for policy makers, researchers and the market. Given that the global reporting landscape is particularly significant for large, multinational companies, it is important for companies to understand the proposals’ similarities and differences so that they are capable to comply to this new disclosure regulatory environment. Policy makers, however need to avoid redundant regulation that is not material and brings to the market superficial compliance costs. Particularly, CSRD, US SEC climate disclosure and International Sustainability Standards Board (ISSB) standards on general sustainability and climate reporting constitute more than 1000 pages of disclosures. Researchers face new avenues of future research could also assist policy makers to shape the disclosure of the future.