---
url: https://eurocomply.app/regulations/csrd
canonical: https://eurocomply.app/regulations/csrd
title: Directive (EU) 2022/2464 of the European Parliament and of the Council as regards corporate sustainability reporting — EuroComply
shortName: CSRD
alternateNames: [Corporate Sustainability Reporting Directive]
regulationNumber: (EU) 2022/2464
celex: 32022L2464
instrumentType: directive
status: phased
inForceDate: 2023-01-05
applicationDate: 2024-01-01
transpositionDeadline: 2024-07-06
extraterritorialReach: true
sourceUrl: https://eur-lex.europa.eu/eli/dir/2022/2464/oj
officialJournalRef: OJ L 322, 16.12.2022, p. 15–80
lastReviewed: 2026-05-12
author: EuroComply Team
license: CC-BY-4.0
---

# Directive (EU) 2022/2464 of the European Parliament and of the Council as regards corporate sustainability reporting

The EU's corporate sustainability reporting directive. Replaces and significantly expands the Non-Financial Reporting Directive (NFRD). Requires in-scope undertakings to report sustainability information under the European Sustainability Reporting Standards (ESRS) on a 'double materiality' basis. The Omnibus simplification proposal (2025) has narrowed the in-scope SME population and may further phase in changes.

## Who does CSRD apply to?

Phased: large public-interest entities (≥ 500 employees), other large undertakings, listed SMEs, and certain non-EU groups. The Omnibus simplification package (proposed 2025; status fluid at last review) substantially narrowed the in-scope SME population and deferred several waves — always cross-check against the latest adopted text.

**Applies to:**

- large undertakings (≥ 250 employees or thresholds)
- listed SMEs
- certain non-EU parent companies with EU subsidiaries/branches

## What are the penalties for CSRD non-compliance?

**Maximum fine:** Penalties set by national law; reporting non-compliance may trigger statutory audit qualifications and securities-regulator action

**Tier detail:**

- Member-state penalties for non-disclosure or false reporting: national law (set by national law) — Article 51 of Accounting Directive (as amended)

## When does CSRD apply?

**Key dates:**

- 2023-01-05 — Entry into force (Article 5)
- 2024-01-01 — First reporting year (FY2024) for large public-interest entities (NFRD predecessors) (Article 5(2))
- 2025-01-01 — First reporting year for other large undertakings (subject to Omnibus 2-year deferral) (Article 5(2))
- 2026-01-01 — First reporting year for listed SMEs (LSME standard) — subject to Omnibus 2-year deferral (Article 5(2))
- 2028-01-01 — First reporting year for certain non-EU groups (Article 5(2))

## Supervising authorities

- National competent authorities (securities regulators for listed undertakings) *(member-state)*
- ESMA — coordinating role for listed companies *(EU)*
- EFRAG — sets the ESRS standards *(EU)*

## Sector applicability

- all sectors — horizontal disclosure framework; sector-specific ESRS to be added

## Primary articles

- **scope:** Article 19a of Accounting Directive (as amended)
- **doubleMateriality:** ESRS 1
- **assurance:** Article 34 of Audit Directive (as amended)
- **transposition:** Article 5

## Related EuroComply resources

- Hub: [/regulations/csrd](https://eurocomply.app/regulations/csrd)
- SME guide: [/regulations/csrd/persona/sme](https://eurocomply.app/regulations/csrd/persona/sme)

## Source

Authoritative text: [(EU) 2022/2464 — EUR-Lex](https://eur-lex.europa.eu/eli/dir/2022/2464/oj) (OJ L 322, 16.12.2022, p. 15–80).

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Informational only. Not legal advice — consult qualified legal counsel for your specific situation.

Last reviewed: 2026-05-12 by the EuroComply Team. License: CC-BY-4.0.