CSRDsäädökset

CSRD säädökset refers to the Corporate Sustainability Reporting Directive, a European Union law. This directive significantly expands and harmonizes the sustainability reporting requirements for companies operating within the EU. Its primary goal is to enhance the quality, comparability, and accessibility of sustainability information disclosed by businesses.

The CSRD mandates that a broader range of companies, including large undertakings and listed small and medium-sized enterprises, must report on their environmental, social, and governance (ESG) impacts. This replaces the previous Non-Financial Reporting Directive (NFRD). The reporting standards are based on the European Sustainability Reporting Standards (ESRS), which are being developed by EFRAG (European Financial Reporting Advisory Group).

Key aspects of the CSRD include the requirement for limited assurance on reported sustainability data, which will eventually move towards reasonable assurance. Companies are expected to report not only on their direct impacts but also on their value chain impacts, promoting a more holistic view of sustainability performance. The directive also emphasizes the importance of digital tagging of sustainability information, making it machine-readable and easier to analyze. The implementation of CSRD is phased, with different types of companies subject to reporting obligations from 2024 onwards.