The NFRD and CSRD are EU directives that define corporate sustainability reporting. The key difference between them is that the CSRD (Corporate Sustainability Reporting Directive) significantly expands the scope and reporting requirements of the earlier NFRD (Non-Financial Reporting Directive). The CSRD applies to a wider range of companies, requires more detailed ESG reporting, and introduces mandatory reporting standards as well as a requirement for external assurance. The purpose of the reform is to improve the quality, comparability, and reliability of companies’ sustainability data. The NFRD (Non-Financial Reporting Directive) and the CSRD (Corporate Sustainability Reporting Directive) are EU directives that guide corporate sustainability reporting. The NFRD came into force in 2014 and required large companies of public interest to report on non-financial information, such as environmental issues and social responsibility. The CSRD […] … ContinuereadingWhat is the difference between the NFRD and the CSRD?