CSRD

EU directive requiring large and listed companies to disclose sustainability information under ESRS.

The Corporate Sustainability Reporting Directive (CSRD) is the EU law that governs corporate sustainability disclosure. It phased in from FY 2024 and expands the number of in-scope companies from around 11,700 (under NFRD) to roughly 50,000. Reports must follow the European Sustainability Reporting Standards (ESRS) and are subject to limited assurance.

Also known as

Corporate Sustainability Reporting Directive

The Corporate Sustainability Reporting Directive is reshaping how EU companies disclose ESG performance. Here's what compliance actually looks like — timelines, standards, and the practical steps to get audit-ready.

Related terms

VSME
Voluntary reporting standard from EFRAG designed for non-listed SMEs — a simplified alternative to full ESRS.
double materiality
CSRD principle: report topics material either to your business (financial) or to people & planet (impact).
PIE
Public-Interest Entity — listed companies, banks, insurers and other entities designated by EU member states.
materiality assessment
Process of identifying which sustainability topics are significant enough to disclose under CSRD/ESRS.
climate transition plan
A time-bound plan showing how a company will shift its business model to a low-carbon economy.
TCFD
Framework for disclosing climate-related financial risks — now absorbed into ISSB and ESRS E1.