The Corporate Sustainability Reporting Directive (CSRD) is a game-changer for businesses operating in the European Union. Replacing the Non-Financial Reporting Directive (NFRD), it significantly expands the number of companies required to report on their sustainability performance. With CSRD, around 50,000 companies across the EU must disclose detailed information on their environmental, social, and governance (ESG) impacts.
The CSRD is not only about transparency – it’s about building trust. Companies are required to report according to the European Sustainability Reporting Standards (ESRS), ensuring that investors, regulators, and stakeholders have reliable and comparable data. This means organizations must go beyond “nice-to-have” CSR statements and embed sustainability into their core strategy.
For businesses, compliance with the CSRD brings challenges, but also opportunities. Companies that align early can strengthen their market reputation, attract responsible investors, and improve risk management. Those who delay risk falling behind in an increasingly sustainability-driven economy.
At Petrossian Consulting, we help organizations navigate the CSRD, integrate ESG reporting into their processes, and ensure compliance with EU and international sustainability standards.
Check also our course on CSRD.