Preparing for the CSRD: A Step-by-Step Guide for Businesses

The Corporate Sustainability Reporting Directive (CSRD) is a significant shift in how companies report on their sustainability practices. This new directive from the European Union requires more comprehensive and transparent reporting on environmental, social, and governance (ESG) factors. If you’re a business owner, understanding and preparing for the CSRD is crucial. Here’s a simple guide to help you get ready.

Understand the CSRD Requirements

The first step is to understand what the CSRD entails. The directive expands the scope of sustainability reporting to include more companies and more detailed information. It applies to all large companies and listed companies in the EU. Even if your business is not directly impacted, your supply chain partners might be, so staying informed is essential.