The CSRD was published in the Official Journal of the EU on 16 December 2022 and entered into force on 5 January 2023.
The overall objective of the CSRD is to ensure that companies report reliable and comparable sustainability information, by introducing detailed and standardized norms.
The key changes are :
The CSRD will be applicable starting from 2025 (for financial years starting on or after 1 January 2024) to 2029 (for financial years starting on or after 1 January 2028), depending on the type/size of companies.