The Impact of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) on Corporate Reporting
The Impact of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) on Corporate Reporting

Author(s): Atanas Atanasov, Galina Chipriyanova, Plamena Nikolova
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, EU-Approach / EU-Accession / EU-Development, Accounting - Business Administration, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Corporate Sustainability Reporting Directive (CSRD); European Sustainability Reporting Standards (ESRS); corporate reporting; sustainability; business
Summary/Abstract: The study examines the impact of key European Union documents – Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), on corporate reporting and sustainability. A brief overview of the Non-Financial Reporting Directive (NFRD), which set the basis for mandatory reporting of non-financial indicators, is provided and the limitations of the NFRD that lead to the need for a new framework are highlighted. The report analyses how the new directives extend the scope of mandatory reporting, introduce more rigorous standards and improve transparency in sustainable business management to meet contemporary environmental and social challenges.

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