Enacted in 2018, the Non-Financial Reporting Directive (NFRD) is a regulation in the European Union which requires certain large companies to disclose information about their ESG impacts. In June 2022, the European Parliament and Council reached a provisional agreement to expand and replace the NFRD with the Corporate Sustainability Reporting Directive (CSRD). The CSRD introduces more stringent reporting requirements as well as third-party assurance. This infographic will help provide clarity by illustrating the key differences between the NFRD and CSRD regulations.
- How many companies are affected?
- Which companies are impacted?
- When will it apply?
- What must be disclosed?