Corporate Sustainability Reporting Directive (CSRD),

The Corporate Sustainability Reporting Directive (CSRD), which came into force on January 5, 2023, modernizes and strengthens the rules regarding social and environmental information that companies must report. Large companies and listed SMEs are now required to report on sustainability, and some non-EU companies must also report if they generate over EUR 150 million on the EU market. The CSRD ensures that investors and stakeholders have access to information about companies’ impact on people, the environment, and financial risks related to sustainability issues. Companies subject to the CSRD will report according to European Sustainability Reporting Standards (ESRS), with the first application of these rules in the 2024 financial year.

Additionally, the CSRD mandates assurance on sustainability information and provides for the digital taxonomy of sustainability information1. For more details, you can visit the European Commission’s page on corporate sustainability reporting.

If you’re interested in integrating the United Nations Sustainable Development Goals (SDGs) into sustainability reporting, you can explore essential tools and indicators on the GRI website.