CSRD
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation requiring companies meeting certain size thresholds to disclose detailed environmental, social, and governance information, phased in from 2024 onward.
Definition
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation that significantly expands mandatory sustainability disclosure requirements compared to its predecessor, the Non-Financial Reporting Directive. It requires in-scope companies to report against the European Sustainability Reporting Standards (ESRS), covering environmental, social, and governance topics in detail, including energy consumption, Scope 1/2/3 emissions, and double materiality assessments. CSRD is being phased in across several waves based on company size, with large companies reporting first and smaller in-scope companies following in subsequent years.
Why It Matters
CSRD substantially broadens the number of companies required to report — including many mid-market companies not previously subject to formal sustainability disclosure — and the reporting requirements are far more granular than most predecessor frameworks, particularly around energy and emissions data.
How ecolyptus Helps
ecolyptus's energy and emissions tracking is structured to align with CSRD's underlying data requirements, giving in-scope clients a head start on the quantitative environmental disclosures the directive requires.
Related Terms
Frequently Asked Questions
- Who has to comply with CSRD?
- CSRD applies in phased waves based on company size and listing status, starting with large public-interest entities and expanding to large companies generally and then listed SMEs. Specific thresholds should be confirmed against the current EU rollout schedule, since timelines have shifted.