Corporate Sustainability Reporting Directive
CSRD (Directive (EU) 2022/2464) · Article 1
Definition
Directive (EU) 2022/2464, which significantly expands the scope and depth of mandatory sustainability reporting for large companies and listed SMEs in the EU. CSRD replaces the Non-Financial Reporting Directive (NFRD) and requires in-scope entities to report according to the European Sustainability Reporting Standards (ESRS), covering environmental, social, and governance (ESG) topics with double materiality (impact materiality and financial materiality). CSRD reporting is subject to mandatory limited assurance. The first reports under CSRD apply to large EU public-interest entities from financial year 2024.
Related Terms
Do No Significant Harm — A principle requiring that an economic activity making a substantial contribution to one environmental objective does not significantly harm any of the other environmental objectives defined in the Taxonomy Regulation.
PAIPrincipal Adverse Impact — The most significant negative effects that investment decisions or financial advice have on sustainability factors relating to environmental, social, and employee matters, respect for human rights, anti-corruption, and anti-bribery matters.
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Relevant Jurisdictions
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