Europe – The Corporate Sustainability Reporting Directive (CSRD) entered into force on January 5, 2023. The CSRD requires over 50,000 companies in the EU to report on sustainability information, such as companies’ impact on the environment or human rights, in line with the European Sustainability Reporting Standards (ESRS). All large companies must comply with the ESRS from 2024 respectively 2025 – depending on the CSRD criteria they meet. SMEs and other companies will follow.
Learn more about the CSRD and its implications in our Insight Article.