First-Time Reporting Timeline for CSRD

First-Time Reporting Timeline for CSRD

Last Updated: May 2025

The Corporate Sustainability Reporting Directive (CSRD) establishes a phased timeline for first-time reporting, now updated following the 2025 Omnibus Simplification Package. These updates extend compliance deadlines for many companies and simplify onboarding, particularly for SMEs and non-EU firms.

📅 CSRD Reporting Timeline (Updated 2025)

Company TypeFirst Financial YearReport DueLarge Public-Interest Entities (previously under NFRD)FY20242025Other Large Companies (>1,000 employees, €50M turnover)FY2028 (deferred)2029Listed SMEs, Small Credit Institutions, Captive InsurersFY2028 (deferred)2029Non-EU Companies with significant EU turnoverFY2028 (unchanged)2029

🧭 Key Timeline Notes

• Deferral: Reporting for most large companies and listed SMEs is deferred to FY2028.
• Early Movers: Only large public-interest entities already under NFRD begin reporting in FY2024.
• Non-EU Companies: Firms outside the EU with €150M+ EU turnover and at least one EU branch/subsidiaryare also in scope from FY2028.

🛠️ Key Actions for First-Time Reporters

1. Conduct a Gap Analysis
   Assess your current ESG disclosures and systems against CSRD and ESRS requirements.
2. Implement a Double Materiality Assessment
   Identify both impact materiality (effects on people/planet) and financial materiality (effects on the company).
3. Align with ESRS Standards
   Understand your obligations under the cross-cutting ESRS and how they apply to your sector and structure.
4. Prepare for Limited Assurance
   Strengthen your internal data controls to meet EU assurance requirements (limited assurance only; reasonable assurance postponed).
5. Engage Early with Auditors and Advisors
   Secure expert input early to guide internal alignment and compliance readiness.

🎯 Summary

The revised timeline gives companies extra time to build capacity and align processes with ESRS standards, while ensuring a consistent and auditable approach to sustainability disclosure. Preparing now—before deadlines arrive—will give your company a competitive edge in transparency, investor confidence, and regulatory readiness.

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