On Mar. 24, BEL GVT issued law on companies' sustainability reporting.
BEL GVT issued royal decree on consolidated Law 2025002457 published in official gazette (OG 38456) re sustainability reporting by companies and related provisions.
Transposes certain provisions of Corporate Sustainability Reporting Directive (CSRD).
EU Directives Sustainability Reporting
In addition to CSRD Dir 2022/2464, new BEL GVT law also provides for the partial transposition of ESAP Dir 2023/2864 with regard to European Central Access Point.
BEL GVT's law also covers information on environmentally sustainable economic activities, as per European reg 2020/852 re promotion of sustainable investment.
As well as delegated reg 2021/2178, which explains the content, presentation of that information, and the methodology to be followed to meet this reporting obligation.
These provisions are referred to in the royal decree as the taxonomy legislation.
Amendments
This concerns the sustainability information that listed companies (except micro-enterprises) must publish under CSRD Directive in the form of a sustainability report.
Also, sometimes referred to as a sustainability statement, as referenced by BEL GVT.
This Royal Decree thus makes the necessary amendments to the Royal Decree of Nov. 14, 2017 to oblige listed companies (except micro-enterprises) on sustainability.
Specifically, obligation to provide sustainability information in their annual report in accordance with the CSRD Directive, and reporting standards approved by EC.
This is with regard to implementation of the CSRD Directive (ESRS standards), and the taxonomy regulations, and law provides for supervision of obligations by BEL FSMA.
Includes amendments to the royal decree of Aug. 21, 2008 laying down detailed rules for certain multilateral trading facilities (Alternext Royal Decree) on reporting.
Effectiveness
Law enters into force on Apr. 3, 2025.
Regulators
BEL FSMA; BEL GVT
Entity Types
B/D; Corp; Exch
Reference
OG 38456, Law 2025002457, 3/24/2025; ESG; CSRD Dir 2022/2464; ESAP Dir 2023/2864; TR Reg 2020/852; Reg 2021/2178; Citation: OG 38456;
