CSRD (Corporate Sustainability Reporting Directive): The New Standard for Sustainability Reporting
The CSRD (Corporate Sustainability Reporting Directive) is the EU’s directive on sustainability reporting, significantly expanding upon the previous Non-Financial Reporting Directive (NFRD). CSRD aims to require a broader range of companies—including large corporations and certain small and medium-sized enterprises (SMEs)—to disclose sustainability data through a more stringent and detailed reporting system.
How CSRD Affects Companies
Under CSRD, companies must report not only their financial results but also provide detailed sustainability reports. These reports cover areas like environmental protection, social responsibility, and corporate governance practices. The new regulation aligns reporting standards with the EU Taxonomy and the SFDR (Sustainable Finance Disclosure Regulation), ensuring that ESG data is comparable across companies.
Why CSRD is Important
The reporting requirements under CSRD assist investors in making informed decisions with sustainability considerations in mind. Companies now need to demonstrate that their activities align with climate action and sustainability goals. This not only enhances transparency but also directs businesses toward a green transition.
Related Services
GAP analysis from a CSRD/ESG perspective
Following the analysis, focus areas will be identified and a roadmap for addressing the issues will be jointly developed.
Auditing of the sustainability report
The purpose of an ESG audit is to ensure reliable reporting.
Sustainability, ESG consultancy
We support our clients in sustainability transformation and compliance with reporting/regulatory obligations.
Preparation of Annual Sustainability Report (CSRD/GRI)
Support in the preparation of an annual sustainability report based on CSRD/ESRS or GRI.