Corporate Sustainability Reporting Directive (CSRD)
The Corporate Sustainability Reporting Directive (CSRD) is an EU legislation that sets the standard for nearly 50,000 companies in the EU to report their climate and environmental impact. In addition, it introduces more detailed reporting requirements and expands the number of companies that must comply. The European Commission adopted the CSRD in late 2022. The CSRD applies to large companies with at least 250 employees, a turnover above €40M, or €20M in assets. The policy aims to help investors, consumers, policymakers, and other stakeholders evaluate the non-financial performance of large companies.
Read more about the CSRD here.