CSRD
EU Corporate Sustainability Reporting Directive
CSRD (Corporate Sustainability Reporting Directive) is the EU directive requiring large companies and listed SMEs to disclose detailed sustainability information, including environmental, social, and governance (ESG) performance. It replaces and significantly extends the previous Non-Financial Reporting Directive (NFRD).
CSRD applies progressively: - Financial year 2024 (reports 2025): large public-interest companies (already under NFRD). - Financial year 2025 (reports 2026): all large EU companies (>250 employees, >€50M turnover, or >€25M total assets, meeting 2 of 3 criteria). - Financial year 2026 (reports 2027): listed SMEs. - Financial year 2028 (reports 2029): non-EU companies with significant EU turnover.
Reporting follows the European Sustainability Reporting Standards (ESRS), covering double materiality (financial and impact materiality). Sector-specific standards are being developed for food, agriculture, mining, etc.
For Egyptian food suppliers serving EU buyers, CSRD-compliant data is increasingly requested upstream: greenhouse gas emissions (Scope 1, 2, 3), water use, biodiversity impact, labor practices, anti-corruption, and supply chain due diligence.
FoodGate Audit helps Egyptian facilities prepare CSRD-compliant emissions and ESG datasets, accelerating supplier qualification by EU customers.