Regulatory overview of CSRD
Enforced since January 2024, the Corporate Sustainability Reporting Directive (CSRD) replaces the Non-Financial Reporting Directive, impacting about 50,000 European companies. CSRD mandates adherence to European Sustainability Reporting Standards (ESRS) covering governance, strategy, impact, and metrics, guided by a double materiality principle. Despite the European Commission's proposed delay to June 2026 for sector-specific ESRS adoption, the planned rollout of sector-agnostic standards remains on track, underscoring the urgency for companies to align with enhanced sustainability reporting standards.
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