The EU’s Corporate Sustainability Reporting Directive (#CSRD) is due to come into effect in 2024 – a new and pivotal regulation in the EU that will impact all large firms operating in the region.
With a double materiality perspective and compliance with European Sustainability Reporting Standards (ESRS), the CSRD sets out to create a robust and standardized framework for reporting non-financial data, offering a more comprehensive scope than ever before.
The end-goal is to equip everyone – from investors to consumers – with the information they need to make informed decisions about a firm’s ESG performance.
The following chart, by Verdantix, highlights the interoperability of ESG and sustainability reporting standards. Comparing the core criteria of the CSRD with #TCFD, #ISSB (#IFRS) and #GRI to help firms prepare for this new regulatory regime.
Source: Verdantix
