European Parliament adopts new reporting rules
The new EU sustainability reporting requirements will apply to all large companies, whether listed on stock markets or not, and to listed SMEs (which will have more time to adapt). Non-EU companies with substantial activity in the EU will also have to comply.
The CSRD will replace the EU’s existing reporting directive, the Non-Financial Reporting Directive (NFRD). It will also introduce more detailed sustainability reporting requirements (“European sustainability reporting requirements”, or “ESRS”) on companies’ impact on the environment, human rights and social standards. The ESRS are currently under development and the European Commission will adopt the first set of standards via “delegated acts” by June 2023.
The Council is expected to adopt the proposal on 28th November, after which it will be signed and published in the EU Official Journal. The directive will enter into force 20 days after publication. The rules will start applying between 2024 and 2028.
According to FIEC’s analysis, mostly large construction companies will be covered by the CSRD. The legal text is now available in all EU languages.
Vote on EPBD postponed – again
The Council already adopted its common position (“general approach) for the decisive negotiations with the Parliament on 25th October.
FIEC presents contractors’ challenges at EFBWW-ETUI workshop
Representing the Construction Unit of the European Commission (DG GROW), the Deputy Head of Unit, Hein Bollens, insisted on the fact that there is a real momentum for the construction industry, considering the flagship initiatives launched by the European Commission, in particular with the EU Green Deal and the Renovation Wave.
FIEC speaks at the conference on “Digitalisation of Construction” in Prague
On 9-10th November, the Czech EU Presidency organised in Prague a high-level conference on the “Digitalisation of the Construction sector”.
FIEC participated with two speakers. Joël Schons presented his own experience with “robot dogs” and explaining how robotics in general will shape the future of our industry.
FIEC President, Philip Crampton, intervened on how digitalisation can help improving the working conditions, be it by in the framework of health and safety, by ensuring for example a better coordination on worksites, or by helping to fight fraudulent practices by means of an increased transparency on worksites. Digitalisation is also a unique opportunity to improve the image of construction and to attract more young people and women.
14-15 November: EU OSHA ”Healthy Workplaces Summit 2022”