Prepare for Corporate Sustainability Reporting Directive (CSRD)
The Corporate Sustainability Reporting Directive (CSRD) is a key rule set by the European Union (EU) for mandatory sustainability reporting. The EU Commission adopted the CSRD in late 2022. The rules will enter into force from 1 January 2024.
The CSRD strengthens the scope and extends the reporting requirements of the Non-Financial Reporting Directive (NFRD). Alongside guidelines for Environmental, Social and Governance (ESG) reporting, the CSRD introduces a reporting framework known as the European Sustainability Reporting Standards (ESRS).
In short, the CSRD is designed to improve disclosure and to help companies determine their sustainability. In this way, it aims to end greenwashing and will make it easier for investors to direct investments towards more sustainable technologies and industries.
- Subsidiary if the parent company includes subsidiary in its report
- Listed micro companies
- Non-listed SMEs (report on a voluntary basis).