The Corporate Sustainability Reporting Directive: From ‘Non-Financial’ to ‘Sustainability’ Reporting

May 21, 2021

On April 21, 2021, the European Commission published an ambitious new package of “sustainable finance” regulation proposals.

By far the most awaited element of this release concerned the Commission’s proposal for the review of the Non-Financial Reporting Directive – soon to become the Corporate Sustainability Reporting Directive.

This alert memorandum provides an overview of the requirements proposed under the draft CSRD against the backdrop of the current NFRD regime, and situates them within other key EU sustainability rules (the Taxonomy Regulation, the Sustainable Finance Disclosure Regulation, and the upcoming Corporate Due Diligence and Accountability Directive).