Description
Introduction to the CSRD
The Corporate Sustainability Reporting Directive (CSRD) is a pivotal European Union law designed to enhance and standardize sustainability reporting across businesses. As part of the European Green Deal, this directive builds on the foundations laid by the Non-Financial Reporting Directive (NFRD).
Objectives of the CSRD Framework
The core aim of the CSRD is to bolster the quality, comparability, and reliability of sustainability information disclosed by companies. This improved transparency is vital for various stakeholders including investors, consumers, and policymakers who rely on environmental, social, and governance (ESG) data.
Target Audience and Impact
Applicable to approximately 50,000 EU companies, the CSRD significantly broadens the scope compared to its predecessor. It primarily targets large businesses, listed entities, and SMEs, ensuring that all stakeholders remain informed on corporate sustainability initiatives.
