The directive as regards corporate sustainability reporting (CSRD) of December 14, 2022 was published in the Official Journal of the European Union on December 16, 2022.
Large companies and listed SME will soon be required to publish detailed information on sustainability matters, such as environmental rights, social rights, human rights and governance factors.
The CSRD will:
- strengthen the existing rules on non-financial reporting introduced by the non-financial reporting directive
- and will significantly increase the number of companies subject to sustainability reporting.
The application of CSRD will take place in four stages from 2025 to 2029. Member states will have 18 months to transpose the CSRD into national law after its entry into force.
