CSRD
Corporate Sustainability Reporting Directive - an EU regulation requiring large companies to disclose detailed information about their environmental and social impact.
Reporting & ComplianceThe Corporate Sustainability Reporting Directive (CSRD) is a landmark EU regulation that significantly expands the scope and depth of sustainability reporting requirements for companies operating in Europe.
Who Must Report
- All large EU companies (250+ employees or €40M+ revenue)
- Listed SMEs (with transitional provisions)
- Non-EU companies with significant EU activity (€150M+ EU revenue)
- Approximately 50,000 companies in total, up from ~11,700 under the previous NFRD
What Must Be Reported
Companies must report according to the European Sustainability Reporting Standards (ESRS), covering:
- Climate change mitigation and adaptation
- Pollution, water, and marine resources
- Biodiversity and ecosystems
- Resource use and circular economy
- Workforce conditions and human rights
- Business conduct and governance
Key Requirements
- Double materiality: Report on both how sustainability issues affect the company AND how the company affects people and the environment.
- Third-party assurance: Reports must be independently verified.
- Digital tagging: Reports must be machine-readable (XBRL format).
Career Relevance
CSRD is creating massive demand for ESG analysts, sustainability reporting specialists, assurance auditors, and ESRS consultants across Europe.