Key points
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:
  • Which companies are within the scope of the CSRD reporting requirements?
  • When is the first-time application for companies in scope?
  • Which type of standard is to be used for sustainability reporting?
  • Are companies within the scope of the CSRD reporting requirements also within the scope of Article 8 of the Taxonomy Regulation (Regulation (EU) 2020/852)?
  • Are there any specificities, such as exemption possibilities, that should be considered?
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:
This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. It does not take into account any objectives, financial situation or needs of any recipient; any recipient should not act upon the information contained in this publication without obtaining independent professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers LLP, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. © 2023 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
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