ESG - How Does The CSRD Impact The Real Estate Sector?

Sustainability has been a key concern for the EU for many years. It has put a lot of effort into developing tools to increase transparency of companies on the sustainability implications of their activities. This has led to significant EU legislation, including the Corporate Sustainability Reporting Directive (CSRD).

CSRD: revision of NFRD

The CSRD revises the sections of the Accounting Directive (Directive 2013/34/EU) relating to non-financial disclosures that were introduced by the Non-Financial Reporting Directive (NFRD). After the implementation of the NFRD into national legislation, large public interest entities in the member states were required to include a non-financial statement in their management reports. The non-financial statement was to provide transparency on policies related to, inter alia, environmental, social, and personnel matters, as well as companies' efforts to respect human rights to combat corruption and bribery, and the impact of these