CSRD Basics

Question 1

Companies in scope for FY2024

Answer 1

All NFRD- compliant large companies. 2 or more of the following should apply:

• 500+ employees
• Net turnover exceeds 50 Mio EUR
• Total assets exceed 25 Mio EUR

Question 2

Companies in scope for FY2025

Answer 2

All large companies. Two or more of the following should apply:

• 250+ employees
• Net turnover exceeds 50 Mio EUR
• Total assets exceed 25 Mio EUR

Question 3

Companies in scope for FY2026

Answer 3

All previous companies. Also listed SMEs that meet at least two of the following criteria:

• More than 10 employees.
• Net turnover exceeding €900,000.
• Total assets over €450,000

Question 4

Companies in scope for FY2028

Answer 4

All previous companies. Also third country undertakings which meet both of the following criteria:

• Net turnover in the EU exceeds 150 Mio EUR
• Have a subsidiary branch in the EU with net turnover of 40+ Mio EUR

Question 5

Assessing impact materiality

Answer 5

Criteria:

Severity of impact:
- scale
- scope
- irremediability

Likelihood of impact (%)

–> Companies should rank IROs and apply thresholds to determine materiality

Question 6

Assessing financial materiality

Answer 6

Magnitude of risk and or opportunity ($)

Likelihood of risk and or opportunity (%)

–> Companies should rank IROs and apply thresholds to determine materiality