CSRD Update – Dutch Implementation Of The CSRD On Its Way

The Corporate Sustainability Reporting Directive (CSRD) requires companies within its scope to generate a sustainability report and that mandates an audit of this report. The CSRD entered into force on 5 January 2023, but being a European directive it needs to be implemented by the EU Member States. This article offers insights into the progress of implementing the CSRD in the Netherlands and highlights our key takeaways.

Introduction

The Corporate Sustainability Reporting Directive (CSRD) is a European directive that requires companies within its scope to generate a sustainability report and that mandates an audit of this report. This sustainability report must contain information necessary to understand the impact of their business on sustainability matters, and how sustainability matters affect the development, performance and position of their business. This information must be published by means of said report on which a (limited) assurance must be provided