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European Union
Mandatory from 2024CSRD Climate Disclosure Rules
The EU's ESRS E1 (Climate Change) standard sets mandatory climate disclosure requirements under the Corporate Sustainability Reporting Directive (CSRD), covering greenhouse gas emissions, transition plans, and climate risk management. It applies a double materiality approach, requiring companies to report both on how climate change impacts financial performance and on their own impacts on people and the environment.
Key Requirements
- •Transition and physical climate risk disclosures
- •Financed emissions reporting for financial institutions
- •Climate-related opportunities (e.g., green lending, taxonomy-aligned products)
- •Double materiality: financial and impact perspectives
- •Governance, strategy, and resilience (incl. scenario analysis)
- •Transition plans aligned with 1.5°C pathways
- •Policies, actions, targets, and progress tracking
- •Sector-specific standards in development
Implementation Timeline
FY2024: large PIEs >500 employees (report in 2025)
FY2025: other large entities (>250 employees & €40m turnover or €20m assets)
FY2028: listed SMEs (opt-out until then)
FY2028: non-EU parent groups meeting thresholds
Report Timing
Annual, aligned to fiscal year; sustainability disclosures included in the management report with financials.
Compliance Status
Mandatory from 2024Track your progress towards meeting the requirements and deadlines for this regulation.