Articles on wr.no

WR ESG Alert: New rules on sustainability reporting in Norway, while simplification, postponement and evaluation are on the horizon
In this month's ESG alert, we highlight the entry into force of the reporting requirements of the EU Corporate Sustainability Reporting Directive in Norway, and look into the Omnibus Simplification Package and the postponement of the Deforestation Regulation from the EU, as well as a recently published report evaluating the Norwegian Transparency Act.

The application timeline for the EU Deforestation Regulation will be extended
On 14 November 2024, the EU Parliament formally approved the European Commission's proposal to postpone the application of the Deforestation Regulation (Regulation (EU) 2023/1115) until 30 December 2025. With the aim of reducing deforestation, forest degradation, greenhouse gas emissions and global biodiversity loss, the Deforestation Regulation imposes documentation and due diligence requirements on in-scope entities to ensure that relevant commodities and products are deforestation-free and lawfully produced. Companies falling within the scope of the Regulation, should start preparations to ensure that they are prepared to comply once the obligations enter into force.

WR ESG Alert: Norway commits to implement CBAM, while the first penalty under the Transparency Act is imposed
In this month's ESG alert, we highlight the first infringement penalty imposed under the Transparency Act, the implementation of the EU CSRD into Norwegian law, the Norwegian government's decision to implement CBAM into Norwegian law, EU restrictions on a sub-group of PFAS chemicals, and the latest decision from the Borgarting Court of Appeal regarding an injunction appeal from two environmental organisations.

WR ESG Alert: An autumn of public consultations to further sustainability
In this month's ESG alert we describe three recently published public consultations in Norway, relating to (i) a revised CO2 compensation scheme, (ii) amendments to sustainability reporting in auditor and accounting regulations and (iii) the EU's recent Regulation on reduction of methane emissions in the energy sector.

EU Corporate Sustainability Reporting Directive (CSRD) Implemented into Norwegian Law
On 11 June 2024, the Norwegian Parliament amended the Accounting Act to implement the EU Corporate Sustainability Reporting Directive (CSRD) into Norwegian law. The new rules impose new sustainability reporting requirements for Norwegian companies, with the aim of standardising and enhancing the quality of disclosed environmental, social and governance matters.

WR ESG Alert: EU Corporate Sustainability Reporting Directive implemented into Norwegian law, while other EU sustainability acts enter into force
In this month's ESG alert, we highlight the implementation of the EU Corporate Sustainability Reporting Directive into Norwegian law, the entry into force of the EU Nature Restoration Law, the Revised EU Industrial Emissions Directive and the EU hydrogen and gas decarbonisation package, and the adoption of the European Council's position on the Green Claims Directive.