Corporate Sustainability Reporting Directive and its impacts
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On November 10, the European Parliament adopted the Corporate Sustainability Reporting Directive (CSRD) with a roadmap to include information in management reporting of companies on their development, performance, position and impact on the environment, social rights, human rights and anti-corruption.
The directive is expected to impact as of:
- 1 January 2024 listed companies with over 500 employees, with reports due in 2025;
- 1 January 2025 non-listed companies that meet at least two of the following three criteria : more than 250 employees, balance sheet total of € 20 million or a turnover of € 40 million), with reports due in 2026;
- 1 January 2026, listed SME's and other undertakings, with reports due in 2027 and opt-out possibility until 2028.
- Non-EU companies with a turnover over €150 million in the EU will also have to comply.
Access the full content of the directive here below
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