Service Description

CSRD Corporate Sustainability Reporting Directive In January 2023, the new directive on the publication of non-financial information by companies came into force: the CSRD. Its aim is to harmonise ESGreporting across Europe in order to encourage transparency and comparability between companies in terms of sustainability. More precise and demanding than the current Non-Financial Reporting Directive (NFRD), it will apply to 50.000 companies instead of 11,000 today. From 2025 (for the year 2024), the first organisations concerned will have to include in their management reports material indicators that comply with the European Sustainability Reporting Standards (ESRS). What's new? Compared to the requirements of the NFRD, the CSRD obligen more companies to communicate their environmental, social and governance commitments, and more precisely. In fact, the directive is structured as follows: -3 pillars: Environment, Social and Governance -Tl themes: Climate, Biodiversity, Walter, Pollution, Circular Economy, etc. -Several hundred indicators. Companies will have to publish the relevant indicators based on a double materiality analysis -Impact materialty the company's impact on ESG issues -Financial materiality: impact of the ESG issue on the company The CSRD will require -Detailed publication of the information required by the ESRS in management management reports: -The obligation to have the information disclosed verified and audited by a third party. publication of reports on a public platform accessible to all the European Single Access Point. The European Sustainability Reporting Standards (ESRS) provide the framework for the metrics to be disclosed, and how. 12 ESPS have been released, which fall across four categories -Crose-cutting: general principles and disclosures -Environmental: climate change and the environment -Sooal Impacts on workers, communities and consumers -Govemance Who reports? ESG From FY2024, large ELJ listed companies that fall under NFRD and Non-EU companies under NFRD thresholds listed on EU markets with 500 employees and either 25M Euros on their balance sheet or 50M Euros tumover From FY2025, other large EU companies and non EU companies listed on EU markets with 2 of 3 criteria: 250 employees Blance sheet of 25M Euros Tumeover of 50M Euros From FY2026-28, Listed EU SMEs and non-EU SMEs listed on EU markets with 2 of 3 criteria 10 employees Tumover of 900k Euros Balance sheet of 450k Euros