The proposed Corporate Sustainability Reporting Directive
will, amongst others, broaden the category of entities currently
subject to reporting under the Non-Financial Reporting Directive to
include all listed entities, immaterial of size, while imposing
significantly more detailed reporting requirements
The current Non-Financial Reporting Directive
("NFRD")1 focuses exclusively on
reporting rules applicable to the so-called "public interest
entities", meaning listed entities, banks and insurance
companies that are "large"2 and have more
than 500 employees. According to the European Commission, only
about 11,700 companies currently fall within the NFRD purview.
These "public interest entities" are required to publish
information related to environmental matters, social matter and
treatment of employees, respect for human rights, anti-corruption
and bribery, diversity on company boards (in terms of age, gender,
educational and professional background). Companies
