What does the future of corporate sustainability reporting for companies in Europe look like? Our video provides a compact overview of the requirements and scope of the EU’s new Corporate Sustainability Reporting Directive (CSRD). The CSRD expands the requirements around corporate sustainability reporting for European companies. The aim of the EU is to contribute to a more sustainable economy and society in Europe.
The video was realized on behalf of the German Council for Sustainable Development (RNE)in cooperation with econsense. The content refers to the preliminary political agreement of the negotiations (trilogue) between the Council of the European Union, the European Parliament, and the European Commission of June 21, 2022. This compromise has to be formally adopted by the Council of the European Union and the European Parliament in the following.
UPDATE to the video content (as of July 2024):
In the meantime, the thresholds for the company size classes in the "Handelsgesetzbuch" have been raised. By means of a delegated directive, the thresholds specified in the Accounting Directive for corporations classified as “large” and partnerships treated as such are raised to the following values: Balance sheet total higher than €25,000,000, turnover higher than €50,000,000, employees more than 250 (unchanged).
