What does the future of corporate sustainability reporting for companies in Europe look like? Our video provides a compact overview of the requirements and scope of the EU’s new Corporate Sustainability Reporting Directive (CSRD). The CSRD expands the requirements around corporate sustainability reporting for European companies. The aim of the EU is to contribute to a more sustainable economy and society in Europe.
The video was realized on behalf of the German Council for Sustainable Development (RNE) in cooperation with econsense. The content refers to the preliminary political agreement of the negotiations (trilogue) between the Council of the European Union, the European Parliament, and the European Commission of June 21, 2022. This compromise has to be formally adopted by the Council of the European Union and the European Parliament in the following.
Note: On 17 October 2023, the European Commission published a delegated directive to adapt the size criteria for small and medium-sized enterprises (SMEs) set out in Directive 2013/34/EU. Since the Corporate Sustainability Reporting Directive (CSRD) refers to this directive when defining the scope of application (cf. Art. 5 para. 2), the adjustment of the thresholds also has a direct impact on the scope of application of the CSRD. Now medium-sized/large companies with a balance sheet total of more than 25 million euros and net sales of more than 50 million euros are affected by the CSRD.