Corporate Sustainability Reporting Directive

Environmental, social and governance concerns (ESG) - European Union.

(CSRD).

The European Union's Non-Financial Reporting Directive (NFRD) became effective from January 2021. Companies currently under the scope of the NFRD have to disclose information on how - and to what extent - their operations are associated with environmentally sustainable economic activities.

The strengthened Corporate Sustainability Reporting Directive (CSRD) - among other changes - with effect from 2023:

• Extends the scope of mandatory sustainability reporting to all large companies and all companies listed on regulated markets (except listed micro-enterprises).
• Introduces more detailed reporting requirements, and a requirement to report according to mandatory EU sustainability reporting standards.
• Requires auditing of reported sustainability information.

See also

• Audit
• Environmental, social and governance (ESG)
• European Sustainability Reporting Standards (ESRS)
• Non-Financial Reporting Directive (NFRD)
• Regulation
• Sustainability
• Sustainability reporting

Other resource

• Proposal for a Corporate Sustainability Reporting Directive - European Commission