As part of the sustainable finance package approved on 21 April 2021, the European Commission announced a proposal of Corporate Sustainable Reporting Directive.
CSRD will introduce new reporting principles and will expand the number of companies subject to this obligation. Starting 2023, all companies, both public and private, which employ more than 250 employees will have to publish ESG reports. After another three years, the requirement will apply to all companies with over 10 employees, which are listed on a regulated market. All other small and medium-size enterprizes will be able to issue ESG reports voluntarily.
Reports will need to be prepared in accordance with the unified European standards. Piotr Biernacki, MATERIALITY Partner, took part in the work of PTF-NFRS, a working team appointed by EFRAG, which designed an architecture for the new reporting standards for the European Commission.
MATERIALITY is a brand of MOD Sp. z o.o., 111 Marszałkowska St, Warsaw, 00-102, Poland
All information provided on the website is indicative and does not constitute legal nor any other form of advice. MOD is not responsible for the use of the information provided on the website without prior seeking professional advice from MATERIALITY experts.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.