Reporting

Corporate Sustainability Reporting Directive (CSRD)

By the European Commission
January 2023

The EU has introduced new rules on corporate sustainability reporting through the Corporate Sustainability Reporting Directive (CSRD), which requires large companies and listed companies (excluding micro-enterprises) to disclose information on social and environmental risks they face, as well as the impacts of their activities on people and the environment. This directive will modernise and strengthen the reporting rules, expanding the number of companies required to report on sustainability, and creating a culture of transparency. Companies will have to apply the new rules for the first time in the financial year 2024, for reports published in 2025. Approved in early August 2023, companies subject to the CSRD will have to report according to European Sustainability Reporting Standards (ESRS), and they will be audited. The rules introduced by the Non-Financial Reporting Directive remain in force until companies have to apply the new rules of the CSRD, and apply to large public-interest companies with more than 500 employees.

The proposal is part of the EU’s broader efforts to achieve a sustainable and inclusive economic recovery and transition to a more sustainable and resilient economy. By improving the consistency and reliability of sustainability reporting, the new directive aims to help investors, civil society organisations, consumers and other stakeholders make informed decisions and hold companies accountable for their Environmental, social, and corporate governance (ESG) performance.

 

 Strengthened emissions reporting – corporate responsibility – transparency

Read more:
The Swiss government has approved an action plan to reduce CO2 emissions from air travel by federal government employees by...
The Dutch cabinet has announced that from 2025, flights in the Netherlands will have their CO2 emissions capped. The move...
June 2023
Climate Change La...
Switzerland is leading the way in combating climate change with the passage of a transformative Act that enshrines the nation’s...
Rail first
For business