What EY can do for you
The Corporate Sustainability Reporting Directive (CSRD) came into effect on 5 January 2023. It will be phased in and will first apply to large European Union (EU) public interest entities. Then it will be gradually phased to also apply to non-EU entities with substantial operations in the EU.
The directive requires these organizations to disclose detailed information on “double materiality”: their impact on people and the planet, and the associated sustainability risks and opportunities to their business.
Compliance reporting deadlines are staggered as follows:
- Report from 2025 for fiscal years starting on or after 1 January 2024
- Large EU undertakings and non-EU large companies: Report from 2026 for fiscal years starting on or after 1 January 2025
- Listed SMEs¹ (excluding micro-enterprises), small and non-complex credit institutions, and captive insurance undertakings: Report from 2027 for fiscal years starting on or after 1 January 2026
- Non-EU undertakings with significant EU activity²: Report from 2029 for fiscal years starting on or after 1 January 2028
