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Sustainability Disclosure & Reporting Advisory Program

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Infografic: Top 6 CSRD Challenges for Directly and Indirectly Affected Organizations
The introduction of the Corporate Sustainability Reporting Directive (CSRD) presents organizations across various sizes and industries with complex challenges.
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Most Frequently Asked Questions – Sustainability Disclosure & Reporting Advisory Program
1. Which companies are affected by the CSRD and when?
The Corporate Sustainability Reporting Directive (CSRD) is expected to affect almost 50,000 companies. The CSRD applies to all:
  • Large companies already subject to the Non-Financial Reporting Directive (NFRD) (public interest entities with more than 500 employees) will need to report in 2025 for fiscal year 2024.
  • Large companies not previously subject to the NFRD (meeting at least two of the following three criteria: total assets of ≥ €25 million, a net turnover of ≥ €50 million and/or ≥ 250 employees) will need to report in 2026 for 2025 data.
  • Listed SMEs: Small and medium-sized enterprises (SMEs) that are listed on EU regulated markets (except for micro-enterprises) will also be required to report in 2027 for fiscal year 2026, although they will be subject to less extensive reporting requirements compared to larger companies.
  • Non-EU Companies: Non-EU companies generating a net turnover of €150 million in the EU and that have at least one subsidiary or branch in the EU with a revenue of €40 million will need to report in 2029 for 2028 data.
2. Why should I care about CSRD even if my organization is not obligated to report?
3. How are the CSRD and the ESRS are linked to each other?
4. When should I start preparing my organization for the directive and the approaching reporting obligation?
5. How can my organization benefit from the transition period (phase-in) before full reporting requirements come into force?
6. How does the program accommodate different levels of sustainability reporting experience?
7. What is the duration for an organization to complete the program and in which formats are the services carried out?
8. How will the program help in achieving CSRD and ESRS compliance specifically?