2024 is the year of CSRD. The EU’s Corporate Sustainability Reporting Directive (CSRD) is an ESG (environmental, social and governance) is coming into the forefront this year.
It is designed to make corporate sustainability reporting more common, consistent and standardised like financial accounting and reporting. The new directive’s impact is far-ranging and essentially modernises and strengthens the social and environmental information that companies have to report. The directive went into force in January 2023. The first companies will have to apply the new rules for the first time in the 2024 financial year, for reports published in 2025.
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