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
- Conduct a Gap Analysis
Assess your current ESG disclosures and systems against CSRD and ESRS requirements. - Implement a Double Materiality Assessment
Identify both impact materiality (effects on people/planet) and financial materiality (effects on the company). - Align with ESRS Standards
Understand your obligations under the cross-cutting ESRS and how they apply to your sector and structure. - Prepare for Limited Assurance
Strengthen your internal data controls to meet EU assurance requirements (limited assurance only; reasonable assurance postponed). - 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.