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Navigating EU CSRD and Pay Equality

Trusaic

EU Corporate Sustainability Reporting Directive: What It Means for Pay Equity The European Union (EU) Corporate Sustainability Reporting Directive (“CSRD”) was published on December 16, 2022 by the EU Commission. Reporting on pay equity is a key element for all companies required to produce an Annual Sustainability Report.

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Brazil Salary Transparency Reporting Deadline Looms

Trusaic

In 2023, Brazil amended its Equal Pay Law, requiring organizations with 100 or more employees to submit pay data to enable the Ministry of Labor and Employment (MTE) to produce biannual Salary Transparency and Remuneration Criteria Reports. Reports are published in March and September each year. 30 on Brazil’s “Portal Emprega Brasil”.

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Iceland’s Path Toward Shrinking the Gender Pay Gap

Trusaic

The World Economic Forum’s Global Gender Gap Report 2024 ranks Iceland in first place for the 15th consecutive year. Thus, Icelandic employers operating in the EU are unlikely to be prepared for the frequency of in-depth reporting required by the EU Directive. Yearly pay gap reporting and acting when it exceeds 5%.

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Lithuania’s Path Toward Shrinking the Gender Pay Gap Under EU Directive

Trusaic

In response to the EU Pay Transparency Directive, which requires employers operating in European Union member states to report on pay data, Trusaic will be evaluating the state of each country in the EU’s current gender pay gaps and the path toward compliance. By 2026, EU employers with 250 or more employees must report on gender pay gaps.

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Latvia’s Path Toward Shrinking the Gender Pay Gap Under EU Directive

Trusaic

In response to the EU Pay Transparency Directive, which requires employers operating in European Union member states to report on pay data, Trusaic will be evaluating the state of each country in the EU’s current gender pay gaps and the path toward compliance. The impetus for the EU Pay Transparency Directive was to close the 12.7

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Luxembourg’s Path Toward Shrinking the Gender Pay Gap Under EU Directive

Trusaic

In response to the EU Pay Transparency Directive, which requires employers operating in European Union member states to report on pay data, Trusaic will be evaluating the state of each country in the EU’s current gender pay gaps and the path toward compliance. By 2026, EU employers with 250 or more employees must report on gender pay gaps.

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Belgium’s Path Toward Closing the Gender Pay Gap Under EU Directive

Trusaic

Quick Action Items for Beligan Employers Belgium’s current pay data reporting requirement is good preparation for what will be asked of Belgian employers once the EU Directive is adopted into Belgium law. Yearly pay gap reporting and acting when it exceeds 5%. Not asking job candidates about their salary history.