Corporate Sustainability Reporting Directive (CSRD)

A directive on sustainability reporting that applies through national law. From financial years starting on or after 1 January 2027 it covers only companies and groups with more than 1,000 employees and more than EUR 450 million net turnover, and listed SMEs are no longer in scope. Smaller companies meet it only as data requests from customers or lenders, and a reporting company may not ask a business with up to 1,000 employees for more than the voluntary standard allows.

Member States must transpose the amendments by 19 March 2027, and the first reports under the new rules are due in 2028.