About the Proposed Directive (amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting)
On 21 April 2021, the Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD if adopted. The proposal: • extends the scope to all large companies and all companies listed on regulated markets (except listed micro-enterprises)
requires the audit (assurance) of reported information
introduces more detailed reporting requirements, and a requirement to report according to mandatory EU sustainability reporting standards
requires companies to digitally ‘tag’ the reported information, so it is machine readable and feeds into the European single access point envisaged in the capital markets union action plan