CSRD 2025 – Everything You Need to Know
The CSRD builds on and replaces the Non-Financial Reporting Directive (NFRD), significantly expanding the scope of sustainability disclosure. While the NFRD applied to ~11,000 companies, CSRD will apply to over 50,000 organizations , including non-EU entities. Who must comply by 2025? EU-listed large companies (500+ employees) – already subject since 2024 Large non-EU companies with EU subsidiaries or branches generating >€150M turnover in the EU – by FY 2025 , first reports due in 2026 Listed SMEs – reporting starts in 2026, with optional opt-out until 2028 📘 EU Commission CSRD Page 2. Key Deadlines & Reporting Timeline Understanding the CSRD timeline is crucial for planning: Financial Year Applies To First Report Due 2024 Large EU entities already subject to NFRD 2025 2025 Large non-EU companies (turnover > €150M in EU) 2026 2026 Listed SMEs, small non-complex credit institutions, captive insurers 2027 💡 Sweep: 2025 CSRD Requirements 3. New Disclosur...