When it comes to drawing up non-financial statements or sustainability reports, there are a variety of guidelines and standards that prompt companies to identify and approach their various stakeholders in order to work with them in the course of preparing non-financial statements. It’s even more important to build collaboration in order to accommodate your stakeholder views and visions when your company is setting its key directions of sustainable development and goals it wants to achieve.
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This summer, the European Council and the European Parliament reached a provisional political agreement on a draft Corporate Sustainability Reporting Directive (CSRD). This aims to improve the sustainability reporting rules and the quality of available non-financial information by supplying the needs of various stakeholders, especially the need of investors for high-quality non-financial information, which will in turn help the EU transition to a more sustainable economy.
The rules for implementing the aid programme “Financial instruments for encouraging digital transformation of businesses” under the EU Recovery and Resilience Facility came into force on 5 July 2022. The programme is designed to encourage the digital transformation, development and revenue growth in businesses by supporting investment in digital information tools aimed at productivity gains. The aid is targeted at Latvian-registered businesses regardless of size. This article takes a closer look at the aid programme.
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