This page describes vocabulary specific to CSRD. For more general vocabulary on ESG Reporting, check this article.
D
Disclosure Requirement (DR): Specific information that companies are mandated to disclose under the CSRD, detailing various aspects of their sustainability performance.
Data Points (DP): Specific quantitative or qualitative data required to be reported under CSRD to provide measurable insights into a company's sustainability practices.
Double Materiality: A key concept in ESG reporting under the CSRD. It refers to the dual perspective of materiality. Impact Materiality: How the company’s activities impact the environment and society. Financial Materiality: How environmental, social, and governance risks affect the company's financial performance.
DPEF (Déclaration de performance extra-financière): Known as the Non-Financial Reporting Directive (NFRD) before the CSRD. It's a framework for disclosing non-financial information related to ESG factors.
E
European Commission’s Delegated Acts: Legal acts that the European Commission adopts to update or specify certain elements of the CSRD, ensuring that the directive remains relevant and effective over time.
European Financial Reporting Advisory Group (EFRAG): The advisory body tasked with developing technical advice for the European Commission on the ESRS, ensuring the standards are practical and effective.
European Single Access Point (ESAP): A centralized database where all reported sustainability information under CSRD will be made publicly accessible, promoting transparency and comparability.
European Sustainability Reporting Standards (ESRS): Detailed reporting standards developed by EFRAG that specify the sustainability information companies must disclose under CSRD.
N
National Transposition: The process by which EU member states incorporate the CSRD into their national legal systems, ensuring that the directive's requirements are enforced at the national level.
Non-Financial Reporting Directive (NFRD): The previous directive that CSRD replaces, which initially required large public-interest entities to disclose certain non-financial information.
S
Sector-Specific Standards: ESRS developed for different industries, acknowledging that sustainability impacts and reporting needs vary across sectors. These standards provide tailored requirements for each industry under the CSRD framework.
T
Taxonomy Regulation: EU regulation that establishes criteria for determining whether an economic activity is environmentally sustainable. CSRD requires companies to report in accordance with the EU Taxonomy.