Jurisdiction(s):
European Union

EU Taxonomy Regulation Article 8 disclosures under the CSRD: scope, eligibility/alignment, KPIs, technical screening, DNSH, templates and phased timetable

Published by a LexisNexis EU Law expert

Practice notes

EU mandatory corporate sustainability reporting—core legal framework

Corporate sustainability—understood as performance against environmental, social and governance (ESG) standards—has risen sharply in importance among investors, consumers and employees in recent years. In parallel, there has been swift expansion of ESG criteria (also called ESG metrics or factors) used to assess how a, typically corporate, undertaking performs.

The central aim of the EU and worldwide mandatory and voluntary ESG reporting regimes is to gather quantifiable information demonstrating whether corporate bodies are genuinely ‘sustainable’ for each ESG measure pertinent to their operations, and to make those data as open and accessible as possible for investors and other stakeholders.

Within the EU, the principal legislation setting out compulsory sustainability reporting is Directive 2013/34/EU on annual financial statements, consolidated financial statements and related reports of certain categories of undertakings (the EU Accounting Directive), as updated by:

Directive 2014/95/EU (the Non‑Financial Reporting Directive (NFRD)), which took effect on 5 December 2014 and applied to financial years beginning on or after 1 January 2017, and
Directive (EU) 2022/2464 (the Corporate Sustainability Reporting Directive (CSRD)), which entered into force on

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Web page updated on 22/05/2026

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