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What is Corporate Sustainability Reporting Directive (CSRD) and Why is it Important for your business?

CSRD Fundamentals


Understanding the Corporate Sustainability Reporting Directive (CSRD): An Overview

The Corporate Sustainability Reporting Directive (CSRD) introduces significant changes to ...
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CSRD Regulation

Corporate Sustainability Reporting Directive: CSRD Regulations and Legal Framework

Introduction  The global sustainability landscape is shifting rapidly. Consumers, investors, ...
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CSRD Compliance & Implementation

CSRD Double Materiality

Double Materiality: A Cornerstone of Transparent Sustainability Reporting in the CSRD

This blog delves into CSRD double materiality, a foundational concept ...
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CSRD vs Existing Frameworks

Corporate Sustainability Due Diligence Directive (CSDD)

Exploring the CSDD: Impact & Compliance for Global Sustainability

The Corporate Sustainability Due Diligence Directive (CSDD) ushers in a ...
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Understanding the Non-Financial Reporting Directive (NFRD): Key Insights

The NFRD (Non-Financial Reporting Directive) and its successor, the Corporate ...
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Unveiling Sustainable Investment Choices: Your Guide to the Sustainable Finance Disclosure Regulation (SFDR)

The growing emphasis on Environmental, Social, and Governance (ESG) factors ...
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GRI Standards

GRI Standards: The Credibility Catalyst for Your Sustainability Efforts

Sustainability is no longer a niche concern, it’s a core ...
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The Carbon Disclosure Project (CDP)

The Carbon Disclosure Project Isn’t About Winning (But Here’s How to Do It Anyway)

The world of sustainability is brimming with frameworks, each a ...
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Future of Sustainability Reporting


The CSRD: A Game Changer for Sustainability Reporting

The landscape of corporate sustainability reporting is undergoing a significant ...
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CSRD Reporting Tools & Software

Comprehensive Checklist

Identifying US Companies Subject to EU’s CSRD Regulations: A Comprehensive Checklist

US Companies & EU’s CSRD: A Comprehensive Checklist Introduction Are ...
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CSRD Reporting Software

Transform Sustainability Reporting with CSRD Reporting Software

As a Sustainability Leader, you are tasked with navigating the ...
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CSRD Reporting Tools & Software


What is the CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation that mandates sustainability reporting for certain companies operating in the EU.
What are the objectives of the CSRD?
The CSRD aims to increase transparency and comparability of corporate sustainability reporting, promoting responsible business practices and investor confidence.
Who does the CSRD apply to?
The CSRD applies to a wider range of companies compared to the previous NFRD, including large listed companies, large non-listed companies, and SMEs meeting certain criteria.
What information does the CSRD require companies to report?
Companies must report on environmental, social, and governance (ESG) factors, including their impact on sustainability and how sustainability risks are managed (Double Materiality).
When do companies need to comply with the CSRD?
Compliance timelines are phased in, with large listed companies needing to report for the financial year starting on or after January 1, 2024.
How can I prepare my company for CSRD compliance?
Familiarize yourself with the CSRD requirements, assess your company’s impact and risks, and consider using CSRD reporting software to streamline the process.
What does CSRD replace?
The CSRD replaces the Non-Financial Reporting Directive (NFRD), which was the previous EU regulation mandating sustainability reporting for certain companies.
Who is impacted by the CSRD?

The CSRD applies to a wider range of companies compared to the previous NFRD (Non-Financial Reporting Directive). Here’s a breakdown:

Large listed companies: These are companies already subject to existing reporting requirements.
Large non-listed companies: These are companies meeting specific size criteria (e.g., employees, turnover, assets) and not publicly listed on a stock exchange.
SMEs (Small and Medium-Sized Enterprises): Compliance for listed SMEs is phased in later, while non-listed SMEs may have an opt-out option depending on specific criteria.

What are the pillars of CSRD?
What are the pillars of CSRD? Similar to ESG reporting, the CSRD focuses on three key pillars: Environmental: This pillar focuses on a company’s impact on the environment, including greenhouse gas emissions, resource consumption, waste management, and pollution. Social: This pillar considers a company’s social practices, such as labor standards, human rights, diversity and inclusion, and community engagement. Governance: This pillar evaluates a company’s governance structure, including risk management practices, executive compensation, board composition, and ethical business conduct.
What are the penalties for non-compliance with the CSRD?
Penalties for non-compliance vary by EU member state, but may include fines or reputational damage.
What are the potential benefits of complying with the CSRD?
Benefits include attracting ESG-focused investors, enhancing brand reputation, and improving risk management.
Does the CSRD apply to US companies operating in the EU?
US companies with a subsidiary or branch in the EU meeting the size criteria may need to comply with the CSRD for that specific entity.
How will the CSRD impact sustainability reporting in the future?
The CSRD is expected to set a global standard for sustainability reporting, influencing practices beyond the EU.