Everything about subsidies for sustainable projects
CSRD
The CSRD (Corporate Sustainability Reporting Directive) is a European directive that requires companies to report in detail on their sustainability efforts. This includes not only the environmental performance of an organization but also social and governance issues, such as labor conditions, human rights, and ethical policies.
The aim of the CSRD is to make companies more transparent about their impact on society and the environment, allowing investors, customers, and other stakeholders to make more informed decisions about their relationships with these companies.
The CSRD mandates companies to report not only on the results of their sustainability efforts but also on the risks related to climate change, the impact of their activities on the environment, and long-term risks and opportunities. The reports must be audited by external parties to ensure reliability and consistency.
Who is subject to the CSRD?
On Wednesday, February 26, 2025, the European Commission presented the proposal for the EU Omnibus, which includes the easing of reporting requirements under the CSRD. The CSRD obligation applies only to companies with more than 1,000 employees that meet at least one of the following two financial criteria:
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A balance sheet total of 25 million euros
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A turnover of 50 million euros