Corporate sustainability has become a central element in business strategies. In this context, the Corporate Sustainability Reporting Directive (CSRD) represents a significant turning point, introducing new rules for transparency and corporate responsibility in Europe.

The CSRD, which came into effect on January 5, 2023, replaces the previous Non-Financial Reporting Directive (NFRD). It extends the sustainability reporting requirement to more companies, including large companies and listed SMEs. The CSRD requires companies to disclose detailed information about their environmental, social and governance (ESG) activities, thus improving the transparency and comparability of information available to investors and other stakeholders.

The CSRD introduces several new features:

1. Expanded Scope: CSRD applies to all large companies and listed SMEs, thus extending the reporting requirement to many more companies than NFRD.
2. European Reporting Standards: companies will have to follow the European Sustainability Reporting Standards (ESRS), developed by the European Financial Reporting Advisory Group (EFRAG). These standards ensure greater consistency and transparency in the information disclosed.
3. Information Assurance: CSRD requires that sustainability information be subject to review by an independent entity, ensuring the accuracy and credibility of reported data.
4. Digitization of Reporting: sustainability information should be available in digital format, thus facilitating data access and analysis.

Therefore, the CSRD Directive represents a crucial step forward for corporate sustainability in Europe, promoting increased transparency and accountability in business practices. Companies must prepare to face these new challenges by integrating ESG best practices into their reporting strategies and processes.


Regg3 is ready to support companies on this journey, offering innovative solutions and advanced expertise to ensure compliance with the new regulations and create long-term sustainable value.