The CSRD Directive is an EU legal act that aims to increase the transparency of business activities, the comparability of data on companies' activities in the ESG area to enable stakeholders to make informed decisions. The reporting obligation includes information on the impact of companies' activities on environmental (E), social (S) and corporate governance (G) issues.
Find out more: Sustainable development of companies. What is ESG? How can we help?
On Friday, the president signed the act of December 6, 2024, amending the act on accounting, the act on statutory auditors, audit firms and public supervision and certain other acts . This act implements the provisions of the CSRD Directive, also known as the delegated directive, into Polish law and thus introduces the obligation for enterprises to prepare reports on their sustainable development.
The Act amends the Accounting Act by introducing a new chapter - 6c Sustainability Reporting, which regulates the principles of preparing sustainability reporting.
Read also: The most important ESG regulations - a guide for business
The new regulations on non-financial reporting will apply to entities that are a capital company, a limited joint-stock partnership, a general partnership or a limited partnership, all partners of which with unlimited liability are capital companies, limited joint-stock partnerships or companies from other countries with a legal form similar to these companies, insurance companies and reinsurance companies, as well as a domestic bank, a branch of a credit institution or a branch of a foreign bank.
See also: Polish companies not prepared for ESG reporting
Sustainability reporting will not cover:
The non-financial reporting requirement will be implemented gradually. The first to submit their ESG reports in 2025 will be public interest entities that meet the appropriate criteria. Find out how we can help, check out our services: ESG – sustainability advisory services
The new Act shall enter into force after 14 days from the date of its publication, with the exception of:
The introduction of the act transposing CSRD in Poland means significant changes for entrepreneurs. These regulations will gradually cover an increasing number of companies – starting with the largest entities, and ultimately also smaller companies listed on the regulated market.
In addition to introducing the obligation to report on sustainable development, the act tightens the criteria for using accounting simplifications.
Find out more: Change in tax limits in 2025 – what does this mean for companies?
While ESG reporting can be seen as a challenge, the right approach allows companies to leverage its potential. Key benefits include:
See also: Crowe Poland and Envirly join forces in the ESG field
Complying with ESG reporting requirements requires strategic planning and commitment at multiple levels of the organization. To prepare the organization for the upcoming obligations, we recommend:
Check out our ESG reporting services:
ESG reporting
See also our service: ESG implementation in an IT company
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