What is CSRD?

CSRD, which stands for Corporate Sustainability Reporting Directive, is a new directive from the European Union that aims to improve and expand corporate reporting on sustainability. It is designed to replace and expand the existing NFRD Directives (Non-Financial Reporting Directive). The main points of the CSRD include:

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1. Expanded scope: Unlike the NFRD, which dealt primarily with large public interest companies, the CSRD extends the scope to more companies, including SMEs. This means that a greater number of companies in the EU will need to report on their sustainability performance.

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2. Improved reporting: CSRD requires companies to report more detailed information about how their operations affect the environment and society. This includes areas such as climate impact, social responsibility and corporate governance.

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3. Standardization: In order to make sustainability reports more comparable and reliable, CSRD introduces standardized rules for how the information should be collected and presented.

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4. Digital Reporting: CSRD requires reporting to be done in a digital format, which makes it easier to access and analyze the information.

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Por qué CSRD?

CSRD is a central part of the EU drive for a greener and more sustainable economy, with the goal of achieving net zero greenhouse gas emissions by 2050. The Directive aims to improve the transparency and comparability of companies' sustainability reporting. It also strengthens the link between sustainability risks and financial performance, as well as companies' impact on people and the environment.

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Impact of CSRD on companies

The CSRD will require significant adjustments from businesses. Vi,. A a. In addition, financial statements and management reports are required to be prepared in a digital format (XHTML) and labeled according to a digital taxonomy.

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Sustainability reporting in the context of CSRD

The CSRD Directive represents an evolution in the field of sustainabilità. Ved, CSRD. Sustainability reporting under CSRD thus becomes a critical tool for companies to communicate their sustainability performance and impact, reflecting a global trend towards more transparent and responsible corporate governance.

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Catalyst per cambiare

With the introduction of CSRD, many companies face extensive work to meet the new requirements. Key steps include reviewing processes for identifying and collecting sustainability information, managing environmental, social and governance risks, and establishing goals and KPIs for sustainability work.

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How your business is affected by the CSRD Directive

From 2024, CSRD will replace the existing NFRD Directive, raising the requirements for quality, comparability and transparency in sustainability reporting. The new directive aims to make sustainability reporting equivalent to financial reporting, an important step towards the EU goal of a climate-neutral economy by 2050.

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Which companies will be covered by CSRD?

From 1 January 2024, CSRD applies to larger companies and groups with more than 500 employees. The Directive will then be extended to include companies of other sizes and even some non-EU based companies operating within the Union.

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Timeline of the introduction of CSRD

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Januari 1, 2024:

• Applied to companies and groups of general interest with more than 500 employees.

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Januari 1, 2025:

The CSRD Directive will apply to large companies that meet at least one of the following criteria:

• Más de 250 personas.
• Net sales exceeding EUR 40 million.
• Balansblad totaal in excess of EUR 20 million in de laatste twee financiële jaar.
• The thresholds will be converted into Swedish kronor in Swedish law.

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Januari 1, 2026:

• Affects small and medium-sized enterprises in regulated markets.
• These companies may choose to defer application until 2028.

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Januar 1, 2028:

• Applicable to companies outside the EU that have branches or subsidiaries within the EU, provided that they reach a certain size.

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Sumário

The CSRD Directive is part of the EU's overall strategy for creating a more sustainable future. På standarderna för, the Directive contributes to promoting a more responsible and transparent business world. It is a challenge for businesses, but also an opportunity to contribute to a more sustainable future.

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CSRD FAQ

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1. What does CSRD mean for SMEs?

From January 1, 2026, the CSRD will apply to SMEs in regulated markets. These companies will have the option to defer application until 2028. CSRD requires these companies to report on their sustainability impact, which means they need to develop processes to collect and report relevant data. This may include information on environmental impacts, social responsibility and corporate governance.

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2. How does the CSRD differ from the previous NFRD Directive?

CSRD differs from the previous Non-Financial Reporting Directive (NFRD) in that it expands the scope and detail of reporting. NFRD, CSRD. CSRD focuses on greater transparency, comparability and reliability in sustainability reporting, which contributes to the EU's overall Sustainable Economy Goals.

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3. What are the key benefits of CSRD for investors and stakeholders?

Key benefits of CSRD for investors and other stakeholders include increased transparency and comparability in corporate sustainability reporting. This makes it easier for investors to assess companies' sustainability performance and risks, which is crucial for making informed investment decisions. For companies, this means an opportunity to showcase their sustainability work and build trust with customers, investors and other stakeholders.