Corporate Sustainability Reporting Directive (CSRD)

Professional advice, guidance and the phased implementation of CSRD reporting for EU and non-EU companies

Who must comply with CSRD?

Following the phased implementation timeline, CSRD applies to large European Union (EU) companies (with over 250 employees or meeting specific financial thresholds) and all listed companies on EU-regulated markets, including SMEs.

For non-EU companies, the directive applies if they have an EU subsidiary or branch and meet specific turnover thresholds, such as €150 million in EU turnover for two consecutive years. CSRD seeks to improve transparency and accountability on sustainability issues for companies within and outside the EU.

CSRD
timeline

2023

Adoption of the European Sustainability Reporting Standards (ESRS), offering structured guidelines for CSRD compliance.

2024

Reporting begins for listed companies with over 500 employees (companies that previously had to comply with Non Financial Reporting Directive (NFRD), which CSRD replaces), with publication in 2025 in accordance with ESRS.

2025

Large listed and unlisted companies meeting at least two criteria: 250+ employees, €25M total assets, or €50M turnover, with publication in 2026 in compliance with ESRS.

2026

Reporting starts for listed SMEs (excluding micro-enterprises) with transferable securities admitted to trading on an EU-regulated market, with publication in 2027 in line with ESRS.

2028

This includes large EU subsidiaries of non-European companies with €150M+ EU turnover (over two consecutive years) and EU branches with €40M+ turnover (in the preceding financial year).

Note: The Commission’s deadline to adopt the ESRS for certain third-country companies has been extended to June 30th 2026, without impacting existing reporting schedules.

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Comprehensive ESG reporting requirements under CSRD

Environmental

Organisations must report on environmental issues such as carbon emissions, energy consumption, waste management and the use of natural resources. Organisations must also disclose on the financial impact of climate-related risks

Social

Requires reporting on employment practices, working conditions, inclusion and diversity efforts, health and safety, supply chain management and community engagement through charitable activities and local partnerships.

Governance

Organisations must disclose governance structures and practices such as board composition including diversity in gender, ethnicity and expertise, executive compensation and risk management.

The benefits of integrating CSRD reporting into your organisation

Companies will need to disclose the sustainability information in their management reports, which means that financial and sustainability information will be published at the same time. Integrating CSRD reporting into your organisation fosters transparency, accountability, and alignment with environmental, social, and governance (ESG) standards. It provides a solid framework for sustainable growth, with standardised reporting ensuring consistency across supply chains.

As investors and consumers increasingly prioritise sustainability, organisations that adopt transparent practices are better positioned to attract investment, enhance consumer loyalty, and build resilience against future risks. CSRD sets new benchmarks for reliable sustainability data while supporting the EU’s goal of achieving a climate-neutral economy by 2050.