Reporting
Impact of CSRD on non-EU entities
On 28 November, the Council and Parliament of the European Union (EU) approved the Corporate Sustainability Reporting Directive (CSRD), which expands the scope of entities and subsidiaries required to comply with sustainability report-ing requirements and introduces different reporting requirements for non-EU parent entities and EU-based parents and subsidiaries. The CSRD requires different disclosure standards and staggered effective dates, depending upon the type of entity. Due to the layers of complexity, entities with revenue or operations in the EU are encouraged to evaluate the impact of the CSRD immediately.
