CSRD Reporting Timelines – When Does Your Company Need to Comply?
Do you know your CSRD compliance deadline? Companies that start preparing ahead of their reporting year will have a smoother transition to CSRD compliance. Follow our series for expert insights!
- CSRD Implementation Timeline – Who Reports When?
|
Reporting Year |
Companies Affected |
First CSRD Report Due |
|
2024 (FY 2023) |
Companies already under NFRD (Large EU Public-Interest Entities with 500+ employees) |
2025 |
|
2025 (FY 2024) |
Large EU companies meeting 2 of 3 criteria: - €40M+ turnover - €20M+ total assets - 250+ employees |
2026 |
|
2026 (FY 2025) |
Listed SMEs, small & non-complex credit institutions, and captive insurance companies |
2027 |
|
2028 (FY 2027) |
Non-EU companies with €150M+ revenue in the EU & an EU branch/subsidiary |
2029 |
2. Key Takeaways for Businesses
- Larger companies must comply first, with SMEs and non-EU entities following in later years.
- Early preparation is essential, especially for companies needing third-party assurance.
- Non-EU companies with EU operations should start assessing their reporting obligations now.
3. How to Prepare for Your CSRD Deadline?
- Assess Your Compliance Date – Identify which phase applies to your company.
- Prepare ESG Data Collection & Internal Controls – Ensure reliable sustainability data tracking.
- Engage with Assurance Providers – Start discussions on third-party verification.
- Train Key Stakeholders – Educate finance, sustainability, and legal teams on reporting standards.
Coming Next Week: CSRD Sector-Specific Standards – How Reporting Requirements Vary by Industry, CSRD does not take a one-size-fits-all approach. Next week, we’ll explore how sustainability reporting differs across industries, with tailored ESG disclosure requirements.
