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EU CSRD: which countries have implemented?

European Union
06.02.25
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The Corporate Sustainability Reporting Directive significantly extends the amount of sustainability information that companies must report, building on the minimum level of sustainability reporting obligations under the EU Non-Financial Reporting Directive. It also significantly expands the number of companies currently required to report on sustainability.

These companies will be required to report on sustainability annually in their management reports according to European Sustainability Reporting Standards, with reports subject to an external audit. Social reporting requirements will require in-scope employers to report on working conditions, equal treatment and child and forced labour. This applies to both the workforce and workers in the value chain. Governance reporting requirements will require reporting on the composition of and diversity within the board of directors and management, together with information about management incentive schemes linked to sustainability matters. In scope companies will need to report a significant amount of employee-related information and therefore need to involve HR/people managers, as required. The new rules will take effect in four stages between 2024 and 2028.

Member States had until 6 July 2024 to implement the directive. Our implementation map shows the current status of transposition of the directive’s provisions into local laws.

It should be noted that on 8 November 2024 the European Commission’s president, Von der Leyen, announced a so-called ‘omnibus proposal’ to simplify the requirements under the CSRD, the Corporate Sustainability Due Diligence Directive 2024/1760 (CS3D), and the EU Taxonomy Regulation 2020/852 (Taxonomy Regulation) with the aim of reducing the administrative burden on companies. The Commission is expected to publish, what has been formally named as the ’Omnibus Package: Chapeau communication and omnibus proposal’ on 26 February 2025. We will keep a watching brief on what this means for the CSRD, but organisations should still prepare for compliance with the current requirements. 

Sustainability reporting in Europe – understanding what’s required