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ARTICLE · 22 FEBRUARY 2022

FAQ: Corporate Sustainability Reporting Directive (CSRD)

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CSRD is proposed as the new non-financial reporting regime for EU-based and EU-listed companies.

European UnionFinance and Banking
Patricia Taylor
Patricia Taylor
Nessa Joyce
Nessa Joyce
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What is the EU Corporate Sustainability Reporting Directive or CSRD?

CSRD is proposed as the new non-financial reporting regime for EU-based and EU-listed companies. It will replace the existing regime (the Non-Financial Reporting Directive or NFRD) and is slated to come into effect for reporting periods starting on or after 1 January 2023. The CSRD proposal, first published in April 2021, is currently proceeding through the EU legislative process and is expected to be adopted early this year.

Why the need for a new corporate reporting regime?

In short, the EU needs private capital markets to help bridge the funding gap for energy-related investments. The EU estimates that annual investment to 2030 will need to increase by €350bn to achieve climate neutrality and by providing private investors with reliable non-financial information, it expects to stimulate sustainable investing in support of EU climate and energy targets.

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