EU Corporate Sustainability Reporting Directive: Time To Gear Up For A Huge Opportunity
Access this research
Access all Corporate Sustainability Leaders content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
This report helps decision-makers responsible for climate and ESG disclosures to understand the implications of the European Commission’s proposed Corporate Sustainability Reporting (CSR) directive. Reflecting the EU’s objective to lead globally on climate and ESG policy, the CSR directive envisages requiring specific disclosures from 49,000 undertakings with more than 250 employees in the EU. The European Commission estimates that internal and external costs associated with the proposed law will hit €1.2 billion in upfront costs and €3.6 billion in annual costs. To understand how software and services firms should develop propositions for this market, the report provides a detailed analysis of the content of sustainability reporting standards drafted by the European Financial Reporting Advisory Group (EFRAG). To maximize market share, climate and ESG solution providers will need to launch CSR directive offerings in 2022 and fine tune them for client use in 2023.The EU Is Set To Create A Multi-Billion Euro Market For Sustainability Reporting Solutions
EU’s Proposed Corporate Sustainability Reporting Directive Is A Tectonic Shift
The EU’s Sustainability Reporting Standard Is Comprehensive And Complex
Implementation Of The Corporate Sustainability Reporting Directive Will Start In 2023
About the Author
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
View ProfileOther related content
On October 20, 2025, a new carbon accounting coalition, Carbon Measures, hit the market. Supported by prominent organizations across industry and finance – including BlackRock, BAS...
11 November, 2025
On October 13, the Royal Swedish Academy of Sciences recognized the work of Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” by...
10 November, 2025
As sustainability regulations evolve unevenly across regions - with the EU refining the CSRD, California rolling out new climate disclosure laws in 2026 and global adoption of ISSB...
Upcoming / 10 December, 2025
As the initial hype around enterprise AI gives way to practical realities, organizations are adopting a more measured and value-driven approach to AI investments. But for those tas...
Upcoming / 03 December, 2025
As organizations face increasing pressure to deliver on decarbonization targets while managing cost and risk, understanding the tools and market dynamics behind renewable energy so...
Upcoming / 27 November, 2025
The past year has been turbulent for many sustainability leaders. Continuous shifts in regulations and global sustainability policy – coupled with economic and trade uncertainty – ...
28 October, 2025