“Our partnership with Final Draft gives writers the freedom to tell their stories utilizing industry-standard software, while also providing them with tools and resources to further develop their creative genius.”ĭeveloped by and for writers, Final Draft 12 offers a new level of flexibility to accommodate various styles of working. “Eliminating barriers for creatives of color is our top priority,” said Justin Riley, Executive Director of the Hillman Grad Mentorship Lab. Interoperability – alignment with other frameworksĪmendments aiming to improve interoperability with international standards and to align with other European legislation have been made.Ĭompanies also aiming to report under other frameworks will need to carefully analyse the differences.Notes On The Season: Oscar Ballots Live! Voting Starts But Is Anybody Watching These Movies? Plus Mads Mikkelsen's Spirited Best Actor Bid There is more relief for companies with under 750 employees, including disclosures in social standards and on biodiversity.Īlthough not reducing the overall number of disclosure requirements, this relief will help companies get ready, as it allows more time depending on size. There is some additional phase-in relief 1 for all companies relating to disclosures of environmental financial implications. This may reduce the reporting burden, but companies will need time to perform a thorough materiality assessment.

Other disclosures will be subject to a materiality assessment. Only ESRS 2 General disclosures remains mandatory. To address stakeholders’ feedback, the EU has highlighted the following key areas of change. Subject to no objections being raised by the EU Parliament and Council, the new standards will become effective for the first companies to adopt from 1 January 2024.

The EU is expected to adopt the final standards in August. The last step before finalising the first set of ESRSs is a four-week public consultation, which has just opened and closes on 7 July 2023. The scope of large companies will expand progressively over the following years, ultimately also capturing non-EU parent companies with substantial activity and a presence in the EU.Ĭompanies around the globe are preparing for these new requirements, and are awaiting the final ESRSs so they can complete their implementation projects. Under the Corporate Sustainability Reporting Directive (CSRD), large and most listed companies in the EU – including companies outside the EU with listed securities on an EU-regulated market – will be required to start adopting European Sustainability Reporting Standards (ESRSs) in a matter of months.

How to activate final draft 9