CSRD: The Revision of the Non-Financial Reporting Directive

The Corporate Sustainability Reporting Directive (CSRD) is a revision of the Non-Financial Reporting Directive and represents a significant step in the expansion of statutory sustainability reporting. It introduces the European Sustainability Reporting Standards (ESRS) and focuses on the materiality analysis as the core of CSRD reporting. The CSRD also stipulates where the report should be published and how it is integrated into European sustainability regulation. This chapter provides a detailed overview of the CSRD, its structure, its requirements, and its impact on companies and investors.