What is CSRD?

QuestionsCategory: SustainabilityWhat is CSRD?
Bhaskar Roy asked 2 months ago
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What is CSRD
Article Name
What is CSRD
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Discover the meaning of CSRD, who introduced it and why it matters. Learn how CSRD aims to improve sustainable reporting.
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GreenSutra
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1 Answers
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Team GreenSutra® Staff answered 2 months ago

CSRD stands for Corporate Sustainability Reporting Directive.

Corporate Sustainability Reporting Directive is a regulatory framework introduced by the the European Union aimed at improving the transperancy and disclosures of information under the following heads:

  • Environmental
  • Social and
  • Governance

The CSRD entered into force on 5th January 2023 and the organizations subject to CSRD will have to report and disclose according to the European Sustainability Reporting Standards (ESRS).