The European Parliament recently voted to pass the Corporate Sustainability Reporting Directive (CSRD), which, among other things, requires impacted companies to have their sustainability reports independently audited each year.
Many subject companies will need to adhere to CSRD standards beginning in 2024, with initial reporting due in 2025. This means that these companies must prepare to plan and implement their compliance approach by 2023 in order to be ready for the 2024 reporting cycle. Non-EU businesses generating at least €150 million inside the EU will also be subject to the new regulations.
So what can organizations in the EU and beyond do now to prepare for the CSRD? Our checklist includes key deadlines, requirements and tips for ensuring compliance.
Download the checklist to learn how you can prepare for the CSRD's upcoming disclosure requirements.