26/09/2024 (Agence Europe) – On Thursday 26 September, the European Commission decided to open infringement proceedings by sending a letter of formal notice to 17 Member States (Belgium, Germany, Estonia, Greece, Spain, Cyprus, the Czech Republic, Latvia, Luxembourg, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia and Finland) for failing to report their national measures fully transposing the Accounting Directive (2013/34/EU), the Transparency Directive (2004/109/EC) and the Audit Directive (Directive 2014/56/EU), as amended by the ‘CSRD’ Directive regulating sustainability reporting by companies (2022/2464). The ‘CSRD’ directive requires large companies and listed companies to publish information on the social and environmental risks they face and the impact of their activities on people and the environment (see EUROPE 12977/14). (MB)