CSRD

The Corporate Sustainability Reporting Directive (CSRD) is a new European directive that requires companies to report on their impact on people and the environment. This legislation will be phased in for various companies from 2024, and by 2026 all large companies will have to comply with the new rules. This page provides insight into what the CSRD exactly entails, what consequences it has for companies, and how technology companies in the value chain can prepare for it. FHI supports its members by sharing knowledge and offering practical steps for a successful implementation of the CSRD guidelines.

What is CSRD?

The Corporate Sustainability Reporting Directive (CSRD) replaces the current Non-Financial Reporting Directive (NFRD) and significantly expands the reporting requirements. The CSRD focuses on reporting sustainability performance in addition to the usual financial performance, via a so-called ESG reporting (Environment, Social, Governance). Companies must not only report on how sustainability affects their business operations, but also on the impact they themselves have on the environment and society.

From 2024, companies will be required to use European Sustainability Reporting Standards (ESRS) to report on themes such as climate change, circular economy, human rights and good governance.
Download the FHI webinar

Who does the CSRD apply to?

The CSRD initially applies to large companies, defined as companies that meet two of the following three criteria:

More than 250 employees;
More than €50 million turnover;
More than €25 million balance sheet total.

Medium-sized and listed small companies will also have to report from 2026. Although unlisted SMEs are not directly covered by the directive, they may still face requests for information from larger companies in their value chain.

Small and medium sized businesses

Listed SME companies must report from 2026. A company is considered small or medium-sized if it meets at least two of the following three criteria:

Less than 250 employees
Annual turnover of up to 50 million euros
Balance sheet total of maximum 25 million euros

Non-listed companies

Although unlisted SMEs are not directly covered by the Directive, they may still be faced with requests for information from larger companies in their value chain.

Presentation by VNO-NCW and MKB Nederland

Download the VNO-NCW presentation of April 18, 2024, discussing the impact of CSRD.

List of authorities and abbreviations

An overview of authorities and the most commonly used terms and abbreviations surrounding CSRD and ESG.

Questions and answers

How do I know if my company has to comply with this reporting? What does the GAP analysis entail? Read the answers to frequently asked questions here.

Q&A session 1: Reliable data on November 19

November 19

Q&A session 2: Ready for the CSRD? A checklist.

December 3

The future of sustainability reporting

The CSRD is an important step towards greater transparency on sustainability in business. For FHI members, this means that they must not only analyse their own impact, but also that of their entire value chain. By taking action now and preparing, you can not only comply with legislation, but also gain a competitive advantage by putting sustainability at the heart of your business.