Lijst met instanties en afkortingen - FHI, federatie van technologiebranches

Agencies

AFM Netherlands Authority for the Financial Markets

The AFM supervises compliance with the reporting requirements. This supervision is aimed at ensuring the quality of statutory audits, including the new requirements for sustainability reporting under the CSRD.

SER Social Economic Council

The SER plays a supporting and informative role in the implementation of (CSRD). The SER is committed to making companies and value chains more sustainable, promoting mandatory sustainability reporting and informing and involving as many parties as possible.

VNO-NCW Association of Dutch Enterprises and Dutch Christian

VNO-NCW participates in consultations and working groups to represent the interests of the business community and to provide input for the practical implementation of the CSRD directive. VNO-NCW works together with business organisations such as the Social and Economic Council (SER) and the Dutch Professional Organisation of Accountants (NBA) to provide information about the CSRD.

NBA Dutch Professional Organisation of Accountants

In the Netherlands, for the time being, only sworn accountants are allowed to give a formal assessment of the CSRD. The NBA supports accountants in preparing for their new role under the CSRD.

EFRAG European Financial Reporting Advisory Group

EFRAG is responsible for developing the European Sustainability Reporting Standards (ESRS), which form the basis for sustainability reporting under the CSRD. EFRAG advises the European Commission on the implementation of the CSRD.

Abbreviations

CSRD Corporate Sustainability Reporting Directive

The Corporate Sustainability Reporting Directive (CSRD) is an EU directive that requires companies to report sustainability information, focusing on environmental and social impact, from 2024.

CSDDD Corporate Sustainability Due Diligence Directive

A European directive that requires large companies to identify, prevent and address human rights and environmental abuses in their supply chains. The CSDDD applies to companies with more than 1,000 employees and a global turnover of at least €450 million. This directive applies from 25 July 2024.

ESRS European Sustainability Reporting Standards

The ESRS are European sustainability reporting standards, developed by EFRAG, that require companies to provide detailed information on their impacts and contributions to environmental, social and governance issues.

NFRD Non-Financial Reporting Directive

The NFRD (Non-Financial Reporting Directive) is the predecessor of the CSRD. It required large companies to report non-financial information on environmental, social and corporate policy issues since 2018.

SFDR Sustainable Finance Disclosure Regulation

An EU regulation for financial market participants, complementary to the CSRD. It requires transparency on sustainability risks and impacts of financial products and investments. The SFDR focuses on financial market participants such as asset managers and investment funds.

DMA Double Materiality Analysis

The Double Materiality Analysis for CSRD assesses both a company's impact on sustainability (impact materiality) and the influence of sustainability issues on the company itself (financial materiality).

IRO Impacts, Risks and Opportunities

Within the CSRD, an IRO analysis determines which sustainability topics are material for a company and therefore require reporting.

ESG Environmental, Social, and Governance

The ESG is a set of standards that follows from other legislation (e.g. the CSRD, the Paris Agreement, EU Taxonomy Regulation) and forms an essential part of the CSRD reporting requirements.