The Corporate Sustainability Reporting Directive (CSRD) is the further development of the Non-Financial Reporting Directive (NFRD) and aims to put sustainability reporting on the same level as financial reporting and came into force on January 5, 2023. It applies to all large companies based in an EU Member State or subject to EU law, including those already covered by the NFRD. These companies include both large and small and medium-sized non-profit companies.