New European provisions for companies with more than 250 employees

If it is not yet definitively recorded, it is already making a lot of noise. The Corporate Sustainability Reporting Directive (CSRD), which must be transposed into national law by January 2024 at the latest, requires companies with more than 250 employees to publish their performance ESG (environment, social, governance). “The will of the European Union is to increase the scope covered by the European directive on non-financial reporting (NFRD for Non-Financial Reporting Directive)”, comments Noëlla de Bermingham, president of the sustainability commission at France Invest and CSR director of the private equity firm Andera Partners. The NFRD directive concerns large companies with more than 500 employees with a turnover of more than 40 million euros or a total balance sheet of more than 20 million euros. It is therefore a question, with the CSRD, of extending it to companies which…