The Corporate Sustainability Reporting Directive (CSRD, EU 2022/2464) replaces the former NFRD and dramatically expands the scope and depth of corporate sustainability reporting in Europe.
Who does it apply to?
In phased rollout from 2024 to 2028:
- Large public-interest entities with over 500 employees (from 2024)
- Large companies meeting two of three thresholds: >250 employees, >€40M revenue, >€20M balance sheet (from 2025)
- Listed SMEs (from 2026, with simplified options)
ESRS standards
The European Sustainability Reporting Standards (ESRS) define mandatory topics: climate change, pollution, water, biodiversity, resources, own workforce, value chain workers, affected communities, consumers, business conduct and governance.
ermine and CSRD
ermine manages ESG data collection, calculates ESRS indicators, documents the double materiality analysis and generates the sustainability report ready for external verification.