Corporate Sustainability Reporting Directive
CSRD expands mandatory sustainability reporting to large companies and listed SMEs. Companies must report according to European Sustainability Reporting Standards (ESRS) covering environment, social, and governance matters. Maximum administrative fine: Per member state (audit-based enforcement).
Free EU Compliance CheckerWhat does CSRD require and when does it apply?
CSRD applies to Large Companies (250+ employees or €40M+ revenue) and Listed SMEs organisations across all EU member states. The key deadline is Phased: large PIEs from FY2024; other large undertakings from FY2025 (Omnibus deferral may apply); listed SMEs from FY2026 (Omnibus deferral likely — verify current dates). Non-compliance carries a maximum penalty of Per member state (audit-based enforcement). Core obligations include report against esrs environmental standards and disclose social and workforce data.
- Report against ESRS environmental standards
- Disclose social and workforce data
- Report governance and anti-corruption
- Obtain third-party assurance on reports
- Report on value chain impacts (phased)
| Deadline | Phased: large PIEs from FY2024; other large undertakings from FY2025 (Omnibus deferral may apply); listed SMEs from FY2026 (Omnibus deferral likely — verify current dates) |
| Max fine | Per member state (audit-based enforcement) |
| Primary sectors | Large Companies (250+ employees or €40M+ revenue), Listed SMEs, Financial Services |
CSRD: Per member state (audit-based enforcement) max fine
CSRD applies to Large Companies (250+ employees or €40M+ revenue) and Listed SMEs organisations in all EU member states. Key deadline: Phased: large PIEs from FY2024; other large undertakings from FY2025 (Omnibus deferral may apply); listed SMEs from FY2026 (Omnibus deferral likely — verify current dates).
Source: Official Journal of the European Union — Corporate Sustainability Reporting Directive
Phased: large PIEs from FY2024; other large undertakings from FY2025 (Omnibus deferral may apply); listed SMEs from FY2026 (Omnibus deferral likely — verify current dates)
Per member state (audit-based enforcement)
Large Companies (250+ employees or €40M+ revenue), Listed SMEs, Financial Services
The highest penalty for non-compliance with CSRD in the EU.
EU Official Journal
| Official name | Directive (EU) 2022/2464 of the European Parliament and of the Council as regards corporate sustainability reporting |
| Reg. No. | (EU) 2022/2464 |
| CELEX | 32022L2464 |
| Type | directive |
| In force | 2023-01-05 |
| Applies from | 2024-01-01 |
| Transposition | 2024-07-06 |
| Max fine | Penalties set by national law; reporting non-compliance may trigger statutory audit qualifications and securities-regulator action |
| Authorities | National competent authorities (securities regulators for listed undertakings) (member-state) ESMA — coordinating role for listed companies (EU) EFRAG — sets the ESRS standards (EU) |
| Source | (EU) 2022/2464 — EUR-Lex Official Journal |
How do I comply with CSRD?
- Report against ESRS environmental standards
- Disclose social and workforce data
- Report governance and anti-corruption
- Obtain third-party assurance on reports
- Report on value chain impacts (phased)
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Penalties & Fines
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Deadline Timeline
Key milestones, implementation phases, and country-specific deadlines and phased rollout dates.
Industry Guides
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For informational purposes only. This is not legal advice — consult qualified legal counsel.
Last verified: · Source: EUR-Lex 32022L2464 · Editorial policy