--- title: Audit, Compliance and Risk Blog | STP | European Union description: European Union | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [Corporate Sustainability Reporting Directive requirements are coming](https://blog.stpub.com/corporate-sustainability-reporting-directive-requirements-are-coming) Posted by [Jon Elliott](https://blog.stpub.com/author/jon-elliott) on Fri, Apr 28, 2023 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hubfs/europe%20.jpg) ](https://blog.stpub.com/corporate-sustainability-reporting-directive-requirements-are-coming) Beginning in 2024, the European Union’s (EU’s) Corporate Sustainability Reporting Directive (CSRD) will expand EU rules for corporate reporting of social and environmental information. The CSRD was adopted in November 2022 and took effect in January 2023. It provides new reporting requirements that will be phased in during 2025-2029, superseding the existing EU Non-Financial Reporting Directive (NFRD; which I discussed [HERE](https://blog.stpub.com/european-union-non-financial-reporting-directive-requirements)). It also lowers the threshold for reporting to reach large numbers of somewhat smaller companies. The EU estimates the new rules will apply to approximately50,000 companies (up from 11,700), mostly EU-based but also including non-European companies with sufficient sales in the EU and/or with sufficiently significant EU-based subsidiaries. The Wall Street Journal has estimated that 10,000 additional non-EU companies will also be covered. The remainder of this note summarizes these new requirements, which are still being refined by the EU-sponsored EFRAG organization. [Read More](https://blog.stpub.com/corporate-sustainability-reporting-directive-requirements-are-coming) 0 Comments [Click here to read/write comments](https://blog.stpub.com/corporate-sustainability-reporting-directive-requirements-are-coming#comments-listing) Tags: [European Union](https://blog.stpub.com/topic/european-union), [CSRD](https://blog.stpub.com/topic/csrd), [EU](https://blog.stpub.com/topic/eu), [EFRAG](https://blog.stpub.com/topic/efrag) ## [European Union Non-Financial Reporting Directive requirements](https://blog.stpub.com/european-union-non-financial-reporting-directive-requirements) Posted by [Jon Elliott](https://blog.stpub.com/author/jon-elliott) on Tue, Apr 25, 2023 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hubfs/images/EU_Flag.jpg) ](https://blog.stpub.com/european-union-non-financial-reporting-directive-requirements) Beginning in 2018 with reporting of 2017 data, the European Union’s (EU’s) Non-Financial Reporting Directive (NFRD) requires targeted companies to provide information to help shareholders and other interests to understand risks faced by the company, and to summarize the company’s activities regarding a variety of social and environmental issues. These requirements will be superseded during 2025-2029 by a new Corporate Sustainability Reporting Directive (CSRD) that clarifies and expands NFRD requirements. The remainder of this note summarizes existing NFRD requirements. [Read More](https://blog.stpub.com/european-union-non-financial-reporting-directive-requirements) 0 Comments [Click here to read/write comments](https://blog.stpub.com/european-union-non-financial-reporting-directive-requirements#comments-listing) Tags: [European Union](https://blog.stpub.com/topic/european-union), [NFRD](https://blog.stpub.com/topic/nfrd), [CSRD](https://blog.stpub.com/topic/csrd), [EU](https://blog.stpub.com/topic/eu) [All posts](https://blog.stpub.com/all) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved