CSRD

In April 2021, the European Union introduced a proposal for the Corporate Sustainability Reporting Directive (CSRD), which is now in its advanced stages of development. This proposal, designed to replace the Non-Financial Reporting Directive (NFRD), aims to enhance and standardise the disclosure of sustainability information by companies. The CSRD will lead to the disclosure of consistent and reliable sustainability data from an expanding array of companies, with the objective of raising the quality of sustainability reporting to a level on par with financial reporting.