Results
Sounds like your business falls under the “NFRD Companies”. This means that your business was already subject to NFRD reporting.
Under the CSRD, reporting began Jan 1, 2024, and reports are due Jan 1, 2025.
Looks like your business falls under the “Large EU Companies”.
Under the CSRD, reporting will begin Jan 1, 2025, and reports are due Jan 1, 2026. Time to get started!
Sounds like your business falls under the “Listed Small and Medium Enterprises.”
SMEs are defined as companies who meet two of the following:
- More than 50 employees
- Balance Sheet > €5 million
- Net Turnover > €10 million
Under the CSRD, reporting will begin Jan 1, 2026, and reports are due Jan 1, 2027.
SME’s are able to delay reporting by “opting out” if they can prove that they cannot provide adequate information by the reporting date.
If opting out, reporting begins Jan 1, 2028, with reports due Jan 1, 2029.
Looks like your business is considered a “Non-EU Company.”
Non-EU Companies are companies outside the EU with a net turnover of €150 million in the EU for the last 2 financial years, and at least two of the following:
- At Least One Subsidiary
- Considered a “Large EU Company”
- Listed in an EU Regulated market
- A Branch in the EU with net turnover of > €40 million
Under the CSRD, reporting will begin Jan 1, 2028, and reports are due Jan 1, 2029.
Based on your response, it looks like your business is not subject to the CSRD.
But that doesn’t mean you shouldn’t report! You can still publish voluntary reports, aligning with the CSRD. Just make sure your report meet European Sustainability Reporting Standards (ESRS).
