The Corporate Sustainability Reporting Directive (“CSRD”) is a new legislation that enhances and extends the EU Directive 2014/95/EU, also known as the Non-Financial Reporting Directive (“NFRD”). The CSRD will lead to a significant increase in the number of companies subject to sustainability reporting obligations (from approximately 11,700 companies and groups in the EU of the NFRD, to approximately 49,000 with the CSRD) and a more extensive disclosure of ESG information on transparency and sustainability performance, in order to monitor and improve the impact of social and environmental issues on business activities.
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