Brief - EU Proposal for a Corporate Sustainability Reporting Directive (CSRD)

On 21 April 2021, the European Commission published a proposal for a Corporate Sustainability
Reporting Directive (CSRD). It revises and strengthens rules under the Non-Financial Reporting
Directive (2014/95/EU) (NFRD).

The proposal introduces more detailed reporting requirements for large companies and mandatory
reports on sustainability issues such as environmental rights, social rights, human rights, and
governance factors.

The CSRD also introduces audit and certification requirements for sustainability reporting, In
addition, it improves the accessibility of information by requiring its disclosure within a company’s
management reports.