Purpose of the Corporate Sustainability Reporting Directive is the fight against the phenomenon of greenwashing and the establishment of global reporting standards for sustainable development. The new law will expand the number of companies covered by the reporting obligation to about 50,000 (compared to 11,700 for today).
The regulatory changes mean that all large companies (whether listed or not) will have to undergo an independent sustainability analysis. Importantly, the obligation of analysis will also apply to companies from outside Europe whose turnover in the EU exceeds 150 million euros.
The dates of entry into force of the amendments are planned as follows:
- From 1 January 2024, the rules will apply to public companies employing more than 500 people, currently obliged to report non-financial statements.
- From 1 January 2025, the rules will apply to large companies that have not previously been required to report non-financial statements and that employ more than 250 people and/or have a turnover of more than 40 million euros and/or the value of their assets exceeds 20 million euros.
- From January 1, 2026, the rules will apply to small and medium-sized enterprises.
As Viverno, together with our customers, we work on a strategy for sustainability and green transformation. We help our partners prepare companies for new regulations.
Our services as part of the ESG Report
We will prepare a report for your company that complies with all CSRD and ESRS guidelines, including double significance analysis.
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