A proposed Corporate Sustainability Reporting Directive (CSRD) is expected to come into force in 2024, requiring all large European companies and all listed SMEs to report on their sustainability performance.
Under the CSRD— which will replace Europe’s Non-Financial Reporting Directive (NFRD), which was introduced in 2014 and affects 11,000 companies— more than four times as many firms will be subject to the new rules.
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