Since the introduction of the CSRD (Corporate Sustainability Reporting Directive) in January 2024, European companies have to face a new challenge: providing clear and transparent information on their environmental, social and governance (ESG) performance. This directive replaces the former NFRD (Non-Financial Reporting Directive) and applies to a larger number of companies, now including more than 50,000 entities in Europe, compared with 11,000 previously.

The main objective of the CSRD is to strengthen corporate responsibility in terms of sustainable development by introducing more rigorous and standardised reporting standards, known as ESRS (European Sustainability Reporting Standards).