Außenansicht des D3 Gebäudes

SuRe: Legislation

This section provides an overview of the following sustainability reporting mandates that were adopted in the EU:

  • the Non-Financial Reporting Directive (NFRD)

  • the Corporate Sustainability Reporting Directive (CSRD)

  • the Sustainable Finance Disclosure Regulation (SFDR)

  • the Taxonomy Regulation

  • the Pillar 3 disclosures on ESG risks

Please cite this register in conjunction with the following article:
Hummel, K., Jobst, D., 2024. An Overview of Corporate Sustainability Reporting Legislation in the European Union. Accounting in Europe. DOI: 10.1080/17449480.2024.2312145




Directive 2014/95/EU required the disclosure of nonfinancial and diversity information by certain large undertakings and groups.



Directive (EU) 2022/2464 requires the disclosure of sustainability information by large EU companies, listed SMEs as well as certain branches and subsidiaries of third-country undertakings.



Regulation (EU) 2019/2088 requires sustainability‐related disclosures in the financial services sector.

EU Taxonomy

Taxonomy Regulation

Regulation (EU) 2020/852 provides a classification system for environmentally sustainable economic activities.

Pillar 3

Pillar 3 disclosures on ESG risks

Regulation (EU) 2019/876 inter alia requires large institutions (i.e., credit institutions and certain investment firms) that are listed in the EU to disclose ESG risks.