- by E on 27/06/2023
If you are a business in Ireland, you've probably heard about CSRD by now, the new mandatory Corporate Sustainability Reporting Directive. But what does it actually require? Who does it apply to? When does the reporting begin, and what will happen if your business fails to comply?
The framework underpinned by the new CSRD seems to have a lot of our clients feeling lost. But not to worry, we have the full break down of what businesses need to know when it comes to reporting on their sustainable actions.
What's Involved?
Who Is in Scope?
Reporting under "NFRD" (Non-Financial Reporting Directive):
An entity which on its balance sheet date has an average of 500 employees and meets at least 1 of the following criteria:
And is a 'Public Interest Entity':
Large EU Company
An entity which on its balance sheet date exceeds at least 2 of the following 3 criteria:
In scope Non-EU Entity
The ultimate parent of:
When Will Reporting Begin?
What Happens if You Fail to Comply?
1. Legal Consequences:
2. Reputational Consequences:
If you require any further information, or you would like to learn more about how we can help your business with sustainability reporting, call us on Tel: 01 903 2660 or email us at solutions.vision-net@crif.com.
12/07/2023
According to Expleo's Business Transformation Index (BTI) of Ireland 2023, there has been dramatic and rapid changes in the business world in Ireland.
04/07/2023
Effective risk assessments provide companies with invaluable information that can significantly and positively impact their decision making processes.
16/06/2023
Following on from the events in Europe last year, 2023 has continued to see a large volume of updates to the Financial Sanctions and PEP lists.
13/06/2023
CRIF has been named as one of the top artificial intelligence decisioning platform providers in latest analysis from leading global analyst firm.
