The Corporate Sustainability Reporting Directive entered into force in the EU on 5 January 2023. Its objective is to provide comprehensive and comparable information on the impacts of businesses on the environment and society to facilitate the transition to a sustainable economy. CSRD amends the previous Non-Financial Reporting Directive, as it extends the number of companies obliged to disclose information and increases requirements as regards the content of disclosures according to the defined standards (see ESRS). After its transposition into Slovak law, all large companies and all listed companies (except micro-enterprises) will be obliged to disclose information on sustainability. The first disclosures under CSRD are expected in 2025 for the 2024 reporting period.

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