What are the milestones for CSRD?

Here's a breakdown of some key milestones:

• Gradual Applicability: The CSRD doesn't apply to all companies at once. It starts with large companies, then expands to smaller ones over time.

• Large Companies First: Large companies meeting two out of three criteria (balance sheet > €25 million, turnover > €50 million, employees > 250) are the first to comply. Their reporting requirements likely begin in 2025 for financial year 2024.

• ESRS Standards Development: The European Sustainability Reporting Standards (ESRS) are still under development, with a potential June 2026 finalization for sector-specific standards (though this deadline might be delayed).

It's important to note that these are general timelines, and specific details can change. Staying updated on the latest developments is crucial for companies impacted by the CSRD.