Regulatory Frameworks & Reporting Standards 5 min read

What is CSRD? Definition and Context

Credibility Check & Framework Comparison

To ensure absolute regulatory accuracy and reliability, we verify definitions across leading international frameworks before presenting our synthesized SME context.

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European Parliament & Council

"Directive (EU) 2022/2464 (Corporate Sustainability Reporting Directive) which mandates detailed ESG reporting and independent assurance for large EU and listed companies."
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EFRAG

"The technical advisory group appointed to draft the European Sustainability Reporting Standards (ESRS) that serve as the reporting mechanism for CSRD compliance."
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EcoVadis

"A key regulatory driver of supply chain transparency, as companies subject to CSRD must collect verifiable ESG data from their SME suppliers."

ExecutESG Consolidated Definition

CSRD

The Corporate Sustainability Reporting Directive (CSRD) (Directive EU 2022/2464) is a historic European Union regulation that mandates detailed sustainability reporting for over 50,000 companies. It replaces the NFRD and introduces mandatory independent assurance.

Scope:

  • Large listed and private companies meeting size criteria (250+ employees, €50M+ revenue, or €25M+ balance sheet).
  • Non-EU companies with significant activity in the EU.
  • Listed SMEs (subject to simplified standards).

SME Relevance & B2B Inbound Action:

Although private SMEs are not directly subject to the CSRD, they are indirectly impacted because their large clients must report Scope 3 value chain emissions. SMEs can satisfy these client requests using the ExecutESG VSME module.

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