Deadlines for CSRD (Corporate Sustainability Reporting Directive) implementation by companies:
- January 1, 2024 for companies already subject to the NFRD (reporting in 2025 on 2024 data);
- January 1, 2025 for large companies not currently subject to the NFRD (reporting in 2026 on 2025 data);
- January 1, 2026 for listed SMEs and small and non-complex credit institutions and captive insurance companies (reporting in 2027 on 2026 data).
Other deadlines:
- Deadline for transition to reasonable assurance regarding sustainability reporting: six years after entry into force (Article 26a of the Statutory Audit Directive).
Large corporations are those that exceed at least two of the three characteristics specified:
- 20 million euros balance sheet total;
- 40 million in revenue in the twelve months prior to the balance sheet date;
- an annual average of 250 employees.
Note: Kindly note these are subject to change
