CSRD — Corporate Sustainability Reporting Directive
Requires companies to publish sustainability information in their management report in accordance with the ESRS, based on double materiality and subject to external assurance. Following the 2025 "Stop-the-clock" Directive, the waves after the first were postponed by two years; the Omnibus I package then narrowed the obligation to companies with more than 1,000 employees and more than €450 million in net turnover, excluding listed SMEs.
At a glance
- Legal reference
- Directive (EU) 2022/2464 · Legislative Decree 125/2024 · Directive (EU) 2025/794 "Stop-the-clock" and Omnibus I
- Jurisdiction
- European Union
- Area
- Reporting and sustainable finance
- Status
- Phased application
- Last reviewed
Every date for CSRD
- Entry into force of the CSRD
- First wave: entities already subject to the NFRD report from financial year 2024 (reports published in 2025)
- Legislative Decree 125/2024 transposing the CSRD in Italy enters into force
- "Stop-the-clock" Directive: two-year postponement for the second and third waves
- Final adoption of the Omnibus I package: new thresholds of 1,000 employees and €450 million
- Financial year 2027: obligation for large companies within the new scope (first report in 2028) in 68 days
- Indicative deadline for national transposition of the Omnibus amendments in 127 days
- Financial year 2028: obligation for non-EU groups with more than €450 million in EU revenue in 433 days
First wave: large public-interest entities already subject to the NFRD (Italian DNF). After Omnibus: EU companies with more than 1,000 employees and more than €450 million in turnover; non-EU groups with more than €450 million in EU revenue. SMEs in the value chain are protected by the information cap set by the voluntary VSME standard.
How we helpSustainability & Environmental Transition →- 01Check your position against the new Omnibus thresholds and your first reporting year
- 02Set up the double materiality assessment and ESG data collection with traceable processes and controls
- 03Prepare data and answers for obligated customers, using the VSME as a common basis
- 04Plan the auditor's limited assurance and the digital tagging (XBRL) of the report
Frequently asked questions on CSRD
Requires companies to publish sustainability information in their management report in accordance with the ESRS, based on double materiality and subject to external assurance. Following the 2025 "Stop-the-clock" Directive, the waves after the first were postponed by two years; the Omnibus I package then narrowed the obligation to companies with more than 1,000 employees and more than €450 million in net turnover, excluding listed SMEs.
First wave: large public-interest entities already subject to the NFRD (Italian DNF). After Omnibus: EU companies with more than 1,000 employees and more than €450 million in turnover; non-EU groups with more than €450 million in EU revenue. SMEs in the value chain are protected by the information cap set by the voluntary VSME standard.
5 Jan 2023: Entry into force of the CSRD; 1 Jan 2024: First wave: entities already subject to the NFRD report from financial year 2024 (reports published in 2025); 25 Sep 2024: Legislative Decree 125/2024 transposing the CSRD in Italy enters into force; 17 Apr 2025: "Stop-the-clock" Directive: two-year postponement for the second and third waves; Feb 2026: Final adoption of the Omnibus I package: new thresholds of 1,000 employees and €450 million; 1 Jan 2027: Financial year 2027: obligation for large companies within the new scope (first report in 2028); Mar 2027: Indicative deadline for national transposition of the Omnibus amendments; 1 Jan 2028: Financial year 2028: obligation for non-EU groups with more than €450 million in EU revenue.
The next milestone is 1 Jan 2027: Financial year 2027: obligation for large companies within the new scope (first report in 2028).
Check your position against the new Omnibus thresholds and your first reporting year; Set up the double materiality assessment and ESG data collection with traceable processes and controls; Prepare data and answers for obligated customers, using the VSME as a common basis; Plan the auditor's limited assurance and the digital tagging (XBRL) of the report.
Other rules in the same area
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