Why Is It Important?

Understanding your obligations under the CSRD is crucial for several reasons:

Legal Compliance: Non-compliance with CSRD can result in legal repercussions, including fines and reputational damage.
Transparency: Accurate and comprehensive reporting enhances your company’s transparency, fostering trust among stakeholders.
Internal Engagement : Reporting obligation can help to mobilize the appropriate resources for the project
Sustainability Leadership: Proper reporting positions your company as a leader in sustainability, aligning with global trends toward more responsible business practices.

Key Elements to Understand

Before diving into how to check your obligations, it’s important to understand the key elements of the CSRD:

Scope of Reporting: Identify which activities within your company need to be reported. The CSRD applies to a wide range of activities, including environmental impact, social responsibility, and governance practices.
Reporting Period: Understand the reporting periods required under CSRD to ensure timely submissions.

To accurately determine your company's obligations under the CSRD, follow these steps:

Use Our Legislation Checker [TO BE COMING]
- Our proprietary Legislation Checker Tool allows you to determine your specific obligations under the CSRD. This tool is designed to guide you through the process by assessing your company's size, industry, and geographical operations.
Consult External Resources
- For a broader understanding, you can refer to external resources such as the PWC Eligibility Checker and other expert guidance available online.
Consult Greenly Training Resources
- Our ESG Experts team has developed some training material that may help you understand better CSRD eligibility process
- You will find a summary of eligibility rules in the following paragraph of this article
Analyze the Scope and Reporting Requirements
- Delve into the specifics of the activities that need reporting. This includes evaluating environmental, social, and governance (ESG) factors pertinent to your operations.
- Make a first mapping of your activities, in particular subsidiaries and business units operating on European Union territory, to understand what minimum organizational scope you must consider
Seek Expert Guidance
- If you encounter challenges or need further clarification, consider seeking expert advice. Our internal ESG Support team is available to help you navigate the complexities of CSRD compliance.
- Contact Our Support Team through the platform's chatbot in case some doubts still remain

Large European & Non-EU Companies (Subject to NFRD):
- Applies to large EU public interest entities and non-EU companies listed on EU markets.
- Must meet two criteria:
  - Over 500 employees.
  - Net turnover exceeding €40 million OR total assets over €20 million.
- Financial Year: 2024, Reporting Starts: 2025.
Other Large Companies & Groups (Not Subject to NFRD):
- Includes all other large EU companies (listed or not) and certain large non-EU companies.
- Must meet two out of three criteria:
  - Over 250 employees.
  - Net turnover exceeding €40 million.
  - Total assets over €20 million.
- Financial Year: 2025, Reporting Starts: 2026.
Listed SMEs:
- Applies to SMEs listed on EU markets, excluding micro-enterprises.
- Must meet two out of three criteria:
  - 10 to 250 employees.
  - Net turnover between €700,000 and €40 million.
  - Total assets between €350,000 and €20 million.
- Financial Year: 2026 (opt-out until 2028), Reporting Starts: 2027 (with possible opt-out until 2029).
Other Large Non-EU Companies:
- Non-EU companies with annual revenue over €150 million in the EU, with either:
  - An EU branch with net turnover over €40 million, OR
  - An EU subsidiary that is a large company or a listed SME.
- Financial Year: 2028, Reporting Starts: 2029.