What is the CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is on its way. What does this mean for you?
What is the CSRD?
What is the CSRD?
The CSRD stands for Corporate Sustainability Reporting Directive, a sustainability reporting framework. These guidelines require companies to report on the impact of their activities on people and the planet starting in 2024. Topics include human rights violations, biodiversity, and reducing CO2 emissions.
Which companies need to report under the CSRD?
The directive begins with large companies. A company is considered large if it meets at least two of the following criteria:
- Starting 2024: Publicly listed companies
- Starting 2025: CSRD target group (if meeting two of the criteria below):
- 250 employees
- €20 million balance sheet total
- €40 million revenue
- Starting 2026: Publicly listed SMEs
Publicly listed companies must report in 2025 for the 2024 financial year. Other large companies will need to report in 2026 for the 2025 financial year.
Is reporting under CSRD guidelines mandatory?
The CSRD is a new sustainability regulation and is mandatory for the companies mentioned above.
What is the goal of the CSRD?
The guidelines aim to increase transparency around sustainability information and improve the quality of such information.
Need help or advice?
The CSRD is new, which can make it challenging to get started. We’re here to help! The CSRD presents great opportunities for growth, transparency, and sustainability. Contact us today, and let us support you.
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