Corporate Sustainability Reporting Directive (CSRD)

Ensure compliance with enhanced standards for sustainable development, climate action, and social responsibility, set to impact large companies from fiscal year 2024, with the first reports due in 2025.

Why the CSRD?

The European Commission adopted the CSRD in late 2022. The rules will start applying between 2024 and 2028. CSRD mandates transparency in Scope 3 emissions reporting.

It also promotes the integration of sustainability and financial reporting, highlighting how environmental performance directly influences financial viability.

These proposed standards include the mandate to consider double materiality – how a company both impacts and is impacted by climate change.

Summary Results

TM & © 2023 MobiCycle LLC. All rights reserved.