The Corporate Sustainability Reporting Directive (CSRD)
The Corporate Sustainability Reporting Directive (CSRD) is a mandatory regulation for many companies that do business in the European Union (EU). The CSRD expands on previous sustainability regulations outlined in the Nonfinancial Reporting Directive (NFRD) of 2014.
The directive aims to improve the flow of money toward sustainable activities while placing sustainability reporting on par with financial reporting.
Under the directive, which takes effect in January 2024, impacted companies will need to have their sustainability reports independently audited each year.
Discover everything you need to know about the directive in our guide to CSRD compliance.