CSRD: A New Era of Transparency and Sustainability for Businesses

The CSRD: A New Challenge for Your Business

The Corporate Sustainability Reporting Directive (CSRD) is about to revolutionize the way companies report on their social and environmental impact. This new directive, more ambitious than its predecessor, the Non-Financial Reporting Directive, sets more demanding requirements in terms of sustainability.

What does the CSRD mean for your business?

1. Wider scope: The CSRD expands the scope, including more companies and setting lower thresholds.
2. More detailed information: More granular and comparable information is required on environmental, social, and governance matters.
3. Assurance: The obligation to assure non-financial information is introduced.
4. Deadlines: Implementation deadlines vary depending on the size and nature of the company.

Implementation Calendar:

• Large public interest entities: 2025 (fiscal year 2024)
• Large companies not subject to the previous Directive: 2026 (fiscal year 2025)
• Listed SMEs and small and non-complex financial institutions: 2027 (fiscal year 2026)
• Non-European companies with significant activity in the EU: 2029 (fiscal year 2028)

Why is the CSRD important?

The CSRD responds to the growing demand for transparency from investors, consumers, and other stakeholders. By requiring companies to report more detailed information about their social and environmental impact, it promotes a more sustainable and responsible economy.

How can we help you?

Our firm has a team of lawyers specializing in environmental and social law who can advise you throughout the process of adapting to the CSRD. We will help you to:

• Interpret the regulations: We will explain the specific requirements that apply to your company.
• Identify risks: We will assess the risks of non-compliance and propose measures to mitigate them.
• Prepare the sustainability report: We will assist you in preparing a quality sustainability report that complies with all legal requirements.

Don’t get left behind. Contact us today!

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