The new non-financial reporting requirements (CSRD) – A comprehensive overview
Companies in the EU now have a greater responsibility for social, environmental and human rights aspects. The new non-financial reporting requirements (CSRD) oblige large companies and corporations to report information on their impact on society and the environment. This is intended to create transparency and comparability for investors and other stakeholders.
What is the new non-financial reporting requirement (CSRD)?
The CSRD is part of the EU Directive 2014/95/EU and obliges companies with more than 250 employees that have their headquarters in an EU member state to report information on their impact on society and the environment. The reporting obligation covers topics such as the environment, employee rights, anti-corruption and human rights.
Why is non-financial reporting important?
The CSRD contributes to greater transparency and corporate responsibility. Investors and other stakeholders can now better understand and assess the impact of companies on society and the environment. This can help companies improve their practices and take greater responsibility for social and environmental issues.
What are the requirements of the non-financial reporting obligation (CSRD)?
Companies must provide information on the following topics:
- Environmental impacts, including energy efficiency, waste management and climate change.
- Employee rights and working conditions
- Human rights and non-discriminatory practices
- Anti-corruption and integrity
- Social impacts, including local communities and supply chains.
Are you falling under the CSRD reporting requirement for the first time?
Many medium-sized companies are affected by a sustainability reporting obligation for the first time and are unsure what to expect now. Simply make an appointment with us and we will show you how we can support you.