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.

Germany has adopted the Supply Chain Due Diligence Act (the “Act”) with effect from 1 January 2023. This article explores how the new requirements will affect Latvia.