This module explores global trends in sustainability reporting, focusing on the shift from voluntary to mandatory disclosure, challenges of greenwashing, and the importance of information quality and relevance. It examines materiality approaches and the evolution of European regulation, from the Non-Financial Reporting Directive (NFRD) to the Corporate Sustainability Reporting Directive (CSRD). Students will analyze the scope and requirements of CSRD, its timeline for adoption, and the role of the European Sustainability Reporting Standards (ESRS) developed by EFRAG. The module also addresses the European Commission’s Omnibus proposal, highlighting significant changes, implications for listed companies, and future directions of corporate sustainability reporting.