In April 2021, the European Commission published its proposal for a Corporate Sustainability Reporting Directive (CSRD) for a comprehensive revision of sustainability reporting in the EU. The proposal’s aim is to make sustainability reporting in the EU more consistent, so that financial firms, investors and the broader public can use comparable and reliable sustainability information. After months of debate, the European Commission, the European Parliament and the Council reached a political agreement in June 2022. The final Directive (EU) 2022/2464 was published in the EU Official Journal on 16 December 2022.

The CSRD provides more detailed and more standardised reporting requirements and will significantly expand the scope of sustainability reporting. Nearly 50,000 companies in the EU and also companies outside the EU are expected to be affected by the CSRD.

These FAQs are intended to provide an overview of the CSRD’s key provisions, in particular the scope (including the scope for the Taxonomy reporting requirements), the first-time application and the reporting standards companies should use. For example:

These FAQs are based on Directive (EU) 2022/2464 as published on 16 December 2022 in the EU Official Journal in the English language, available at:

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