Regulations:Corporate Sustainability Reporting Directive (CSRD)
(Redirected from Corporate Sustainability Reporting Directive (CSRD))
Description
CSRD is a mandatory policy in the EU that obligates large organisations and listed companies to monitor, report and audit the impact of their corporate activities on the environment and society. CSRD requires alignment with European Sustainability Reporting Standards (ESRS), Scope 3 disclosure, and third-party assurance. This drives the need for better data management and integration of ESG into strategy and will have a ripple effect into supply chains.
Who must comply
- Listed large companies subject to NFRD must report 2024 data in 2025.
- Large organisations with more than 250 employees and an annual turnover of €50m or a total balance sheet of over €25 m must report 2027 data in 2028.
- Listed SMEs must report 2028 data in 2029.
How to comply
- Adopt the European Sustainability Reporting Standard: compliance with detailed, sector-specific reporting frameworks.
- Report double materiality
- Cover areas such as carbon emissions, biodiversity impact, diversity, inclusion and human rights.
- Assure sustainability data so it is audited by third parties.
- Include business risks, opportunities related to climate change and transition plans. on emissions conversions and finally, report in line with the SECR requirements.
By when must you comply
See above for the relevant dates.
Key Resource
Related legislation
- EU Omnibus
- European Sustainability Reporting Standards
- EU Taxonomy
- Corporate Sustainability Due Diligence Directive
Page contributors
Layla Atassi, Planet Mark