From 2024, all listed companies and large corporations will be required to report on sustainability policies and performance. This follows the European directive Corporate Sustainability Reporting Directive (CSRD). The CSRD requires companies to tell about the environmental and social impact of their activities. Companies must have this information verified by an auditor. SME entrepreneurs doing business with large companies also have to deal with this.

Large companies

The CSRD applies if the company meets at least 2 of these requirements:

• more than €40 million net turnover
• more than €20 million on the balance sheet
• 250 or more employees

Introduction in steps

Mandatory reporting will be introduced step by step. For financial years beginning on or after:

• 1 January 2024, for companies already under the NFRD fall
• 1 January 2025, for large companies not currently covered by the NFRD
• 1 January 2026, for listed SMEs, but also for small and non-complex credit institutions and insurance companies

Medium-sized and small companies are exempt from CSRD at least until financial year 2026. But they will face demands from their CSRD-compliant customers or suppliers.

Aid climate targets

A tool has been prepared to map out the key components of your climate goals. It gives a nice direction to get started with the new regulations. See self-assessment-netzero-targets.pdf

Source: https://ondernemersplein.kvk.nl/grote-bedrijven-moeten-rapporteren-over-duurzaamheid/