Author: Mr.Narendra
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The Corporate Sustainability Reporting Directive (CSRD) is a European Union (EU) directive that aims to improve the quality and consistency of corporate sustainability reporting. The directive requires large companies and all listed companies (except listed micro-enterprises) to disclose information on their environmental, social, and governance (ESG) performance.
Companies that need to comply with the CSRD:
* Large companies: Companies that meet two of the following three criteria:
* €40 million in net turnover
* €20 million on the balance sheet
* 250 or more employees
* Listed companies: All listed companies, except for listed micro-enterprises
How the CSRD will help:
* Improved quality and consistency of ESG reporting: The CSRD will require companies to use a common set of reporting standards, which will make it easier for investors and other stakeholders to compare the ESG performance of different companies.
* Increased transparency: The CSRD will require companies to disclose more information about their ESG performance, which will make it easier for investors and other stakeholders to assess the risks and opportunities associated with investing in these companies.
* Greater accountability: The CSRD will require companies to have their ESG reports audited, which will increase the credibility of the information that is disclosed.
Overall, the CSRD is a positive step towards improving corporate ESG performance. The directive will help to improve the quality and consistency of ESG reporting, increase transparency, and make companies more accountable for their ESG impacts.
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