CSRD published in Official Journal of EU

Posted on December 18, 2022 by Editor

After the European Parliament gave the final stamp of approval to the Corporate Sustainability Reporting Directive (CSRD) on 10 November, last week the Directive was published in the Official Journal of the EU. The CSRD takes effect in May 2023 and will begin to impact disclosures from January 2024.

The CSRD replaces the Non-Financial Reporting Directive (NFRD), vastly expanding the scope and detail of sustainability reporting requirements in Europe. It will apply to all large companies listed on regulated markets in the EU, small and medium enterprises (SMEs), and non-EU companies with significant European presence – in all, around 50,000 companies. Implementation will be incremental – beginning 1 January 2024 for companies already subject to NFRD.

We would like to congratulate the Directorate-General for Financial Stability (DG FISMA), ESMA, EFRAG, and everyone else involved in reaching this milestone!

Read the CSRD here. Read more on what the CSRD means for filers elsewhere on the XBRL International website.

Other Posts


Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy