Corporate Sustainability Reporting Directive (CSRD)

Reporting via the CSRD will incorporate the increasing demand for digitization. Companies will be required to prepare their reporting in XHTML format in accordance with the European Single Electronic Format Regulation. They are also required to tag sustainability information within the report according to a digital categorization system, which should be developed with the ESRS.

The CSRD will also mandate the reporting of Scope 3 emissions from across the full value chain. This arises from guidance set out by the European Financial Reporting Advisory Group’s (EFRAG) draft European Sustainability Reporting Standards (ESRS) - specifically “Disclosure Requirement E1-9 – Scope 3 greenhouse gas (GHG) emissions” which states that “The undertaking shall disclose its gross indirect Scope 3 GHG emissions in metric tons of CO2 equivalent.”

2028 for non-EU companies (to be reported on in 2029),

With data for the CSRD needing to be captured as soon as 2024 for EU companies (to be reported on in 2025)