Corporate Sustainability Reporting Directive (CSRD) 

A European Union regulation requiring companies to report on their climate and environmental impact. Adopted by the European Commission in November 2022, the CSRD replaces and expands the Non-Financial Reporting Directive (NFRD) by introducing more detailed disclosure requirements in areas such as governance, environmental impacts, social issues and diversity. In its current form, it significantly increases the number of companies subject to mandatory sustainability reporting. 

Note: The CSRD is one of the regulations within the scope of the EU Omnibus proposal. If adopted, the Omnibus would alter the parameters of the CSRD in terms of applicability and implementation.