Corporate Sustainability Reporting Directive (CSRD)

Understanding the CSRD

The Corporate Sustainability Reporting Directive (CSRD) expands non-financial disclosure obligations for large EU companies starting in fiscal year 2024, with phased implementation for SMEs. It requires audited reporting on sustainability strategy, risks, and value-chain emissions, aligned with the European Sustainability Reporting Standards (ESRS).

CSRD applies to EU-based and certain non-EU companies with significant EU activity, reshaping how sustainability data is collected, verified, and disclosed.

The Corporate Sustainability Reporting Directive (CSRD) is the EU’s core sustainability reporting regime, applying in waves from 2024 onward and underpinned by European Sustainability Reporting Standards (ESRS).

The Omnibus reforms agreed in December 2025 reduced the scope for compliance to very large companies and equivalent non‑EU groups. In‑scope corporations must produce audited reporting on sustainability strategy, risks, and operational and value-chain emissions, integrated with financial reporting.