CSRD (Corporate Sustainability Reporting Directive)

The EU’s Corporate Sustainability Reporting Directive (CSRD) came into force in 2023. It broadens the universe of companies required to report on sustainability metrics to more than 50,000, covering listed and private companies, SMEs and thousands of overseas firms with business activities in the EU. This page features the latest developments on disclosures under the European Sustainability Reporting Standards (ESRS), investor reactions, and interoperability with other regimes.

LATEST CSRD COVERAGE

EU flags in front of European Commission building in Brussels

Omnibus lead negotiator mulls limiting CSRD to firms with 3,000+ employees

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Sources say rapporteur is considering number of changes to the Commission’s omnibus proposal.
EU flags in front of European Commission building in Brussels

ECB warns reduced CSRD scope could result in ‘systematic and unquantifiable bias’

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Central bank weighs in on Omnibus proposals, calls for simplified standards for firms with 500+ employees.
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NBIM calls on EU to adopt ‘identical’ terminology, metrics to ISSB on overlapping topics

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There is ‘significant scope’ for streamlining ESRS, says Norway’s trillion-dollar wealth fund, as it outlines three key areas of simplification.
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Member states split on way forward for Omnibus negotiating position

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Discussions and disagreements mostly focus on CSDDD, but CSRD scope also under scrutiny.
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Details emerge on initial EFRAG options for slashing ESRS

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One approach up for discussion could see hundreds of data points become voluntary guidance.

ADDITIONAL RELATED COVERAGE: SFDR

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ADDITIONAL RELATED COVERAGE: ISSB

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