January 2024: Large Enterprises
From January 2024, all companies in the EU with over 250 employees, or with either €20 million in assets or €40 million in revenue, must comply with new sustainability reporting standards under the Corporate Sustainability Reporting Directive (CSRD). This includes detailed disclosures on environmental impact, social responsibility, and governance practices.
January 2026: Small to Medium Enterprises (SMEs)
Starting January 2026, small to medium enterprises (SMEs) in the EU will also be required to adhere to these sustainability reporting standards. This extension aims to ensure that businesses of all sizes are contributing to the EU's sustainability goals. SMEs will need to prepare by implementing robust reporting mechanisms and sustainability practices.
Long-Term Targets
2030 Targets
The EU aims to achieve at least a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. This target is part of the European Green Deal and requires significant efforts across all sectors, including industry, transport, agriculture, and energy.
2050 Targets
By 2050, the EU aims to become the world's first climate-neutral continent, achieving net-zero greenhouse gas emissions. This long-term target underscores the commitment to a sustainable and resilient future, requiring sustained efforts from all sectors and member states.
Preparing for the Future
These deadlines and targets highlight the urgent need for businesses to integrate sustainability into their core operations. At ecoreko, we are dedicated to helping companies navigate these regulatory requirements and align with EU-wide sustainability goals. Our expertise ensures that your business is not only compliant but also a leader in sustainable practices..