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EU CSRD

Requires companies in the EU to report on their outgoing and incoming sustainability business impact.

Rule Overview

Jurisdiction: European Union

Regulator: ESMA

Topic: Sustainability

Overview
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The directive applies to all companies that meet at least two of the following criteria:

  • 250 and more employees on average during the financial year 5;
  • €40m or more in net turnover; and/or
  • €20m or more in total assets.

For companies subject to the NFRD compliance with the directive has been required since January 1, 2024. For other companies its requirements will come into effect on January 1, 2025.

Listed SMEs will be required to comply on January 1, 2026.

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