The Corporate Sustainability Reporting Directive (CSRD) marks a significant shift in how businesses, including small and medium-sized enterprises (SMEs), must approach sustainability reporting.
While the primary focus of CSRD is on large companies, listed SMEs will also need to comply starting in 2027.
This means that even smaller businesses will need to gather, analyse, and report on their environmental, social, and governance (ESG) impacts.
For SMEs, this requirement may seem daunting, particularly if they lack the resources and expertise that larger companies have. However, the CSRD provides an opportunity for SMEs to demonstrate their commitment to sustainability, which can enhance their reputation and attract customers and investors who value responsible business practices.
It’s essential for SMEs to start preparing early, even if the reporting deadline seems far away.
If you're an SME looking to navigate the CSRD requirements, there are resources available to help.
Consider exploring guides and templates specifically designed for SMEs, which can simplify the process and ensure your business stays compliant.