Thousands of American, Canadian and British companies will have to step up their sustainability reporting under European Union rules set to take effect starting in the next few years, in a regulatory effort to boost visibility on everything from companies’ greenhouse-gas emissions to gender pay differences. The Corporate Sustainability Reporting Directive, or CSRD, will likely require at least 10,000 companies outside the EU to make and independently verify a number of sustainability disclosures, and about a third of those are in the U.S., according to estimates by financial data firm Refinitiv provided to The Wall Street Journal. 

EU officials have estimated more than 50,000 European companies will have to report, but they haven’t said how many non-EU businesses they expect to be covered by the rules.

At Least 10,000 Foreign Companies to Be Hit by EU Sustainability Rules