On 30 June 2023, the European Parliament and the Council reached a provisional political agreement on the proposal for a Corporate Sustainability Reporting Directive (‘CSRD’). The CSRD is meant to complete and expand the rules already existing under Directive 2014/95 (‘NFRD’) by imposing stricter disclosure and reporting obligations for certain types of companies. The CSRD is meant to apply to large enterprises and listed companies, including listed SMEs, and even non-European companies having a subsidiary based in the EU and a turnover higher than €150,000,000.
