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Sustainability reporting – what lies ahead for companies?

At EU level, work is currently underway on the Corporate Sustainability Reporting Directive (CSRD).

This is to replace the Non-Financial Reporting Directive (NFRD) – colloquially known as the CSR Directive – in 2022. From the 2023 financial year onwards, many companies in the EU will be subject to an intensified reporting obligation on sustainability issues. This also includes information on the taxonomy conformity of their own economic activities.


All companies with 250 or more employees or a turnover of at least €40 million and/or a balance sheet total of at least €20 million are likely to be affected by the reporting obligation. In addition, the reporting obligation also covers smaller companies as soon as they are listed on the stock exchange.


The current legislative activities are accompanied by a task force convened by the EU Commission, which is developing a series of reporting standards. The standards will specify in concrete terms what content is mandatory to report. They will be published at the end of next year and are to be applied for the first time for the 2023 financial year. A first prototype for the reporting standard on climate was recently published (link).


We will prepare you for the future requirements of the CSR legislation and work with you to ensure that you can successfully and efficiently comply with the reporting obligation from the 2023 financial year. Contact us!


If you would like to receive regular updates on this dynamic topic in the coming months, please write to us at .


Contact at Arqum: Theresa Steyrer

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With Arqum News, we inform our project partners once a quarter about current developments in environmental law and environmental management as well as about news at Arqum. In addition, there is a tip of the quarter with which you can motivate your employees, colleagues and acquaintances to behave in an environmentally conscious manner.

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