The impact of companies on people and the environment is becoming increasingly important. We can no longer ignore this. In November 2022, the European Union adopted new legislation called the Corporate Sustainability Reporting Directive (CSRD).
The CSRD legislation arose from the need to provide transparency about the activities of companies and to offer better quality sustainability information. This is a central aspect of the European Union’s Green Deal. But what is the CSRD legislation and why is it important for companies? We explain it below.