Claudio Xerri

The Corporate Sustainability Reporting Directive (CSRD), an EU regulatory framework which came into force in January 2023, will replace and enhance the Non-Financial Reporting Directive (NFRD), demanding a broader range of companies to disclose detailed data on environmental, social and governance (ESG) factors, in accordance with the European Sustainability Reporting Standards (“ESRS”). These new rules mark a significant step towards integrating sustainability into corporate strategy, enabling investors, consumers and other stakeholders to make more informed decisions. Applicability The CSRD is applicable to large, medium-sized or small companies, including insurance companies, branches of third country undertakings with a net turnover of…