NFRD (Non-Financial Reporting Directive)

NFRD (Non-Financial Reporting Directive)

The EU's Non-Financial Reporting Directive (NFRD) required large companies to disclose ESG information, promoting transparency and sustainability. From 2024, the stricter Corporate Sustainability Reporting Directive (CSRD) replaces it, expanding the scope and aligning reporting with the EU’s climate goals.

The Non-Financial Reporting Directive (NFRD) marked a key step in promoting transparency and responsible business practices by requiring large EU companies to report on environmental, social, and governance (ESG) factors. But the journey doesn’t stop there. From 2024, the Corporate Sustainability Reporting Directive (CSRD) takes over — expanding the scope, introducing stricter standards, and aligning sustainability reporting with the EU’s climate neutrality goals. Ready to understand how ESG reporting is evolving? Dive into the shift from NFRD to CSRD and what it means for the future of corporate accountability.