What is Corporate Sustainability Reporting Directive (CSRD)

Corporate Sustainability Reporting Directive (CSRD)

Regulation

The CSRD aims to replace and expand upon the existing Non-Financial Reporting Directive (NFRD) to strengthen the sustainability reporting obligations for large public-interest companies, including listed companies, banks, and insurance companies.The CSRD proposes to make sustainability reporting mandatory for covered companies, going beyond the current voluntary approach. It will introduce a standardized set of sustainability reporting requirements to ensure the comparability, reliability, and relevance of disclosed information.The CSRD aims to expand the scope of sustainability topics covered in reporting. It is likely to include a broader range of environmental, social, and governance (ESG) factors, such as climate change, biodiversity, human rights, diversity and inclusion, and supply chain impacts. As well, it proposes to introduce requirements for external assurance of sustainability information to enhance the reliability and trustworthiness of reported data.

STATUS

Active

IN EFFECT FROM

Jan 24

Parameters evaluated by regulation

Below you find the impact areas within the Responsibly Impact Parameter Framework which are evaluated by this regulation

Minimum age and child labor

Social impact parameter

Forced or compulsory labor

Social impact parameter

Workplace health and safety

Social impact parameter

Freedom of association and collective bargaining

Social impact parameter

Equal opportunity, rights and treatment

Social impact parameter

Local community development

Social impact parameter

Indigenous people

Social impact parameter

Corruption

Social impact parameter

Compliance to local laws and regulations

Social impact parameter

Emission reduction targets