With the implementation of the CSRD, by 2025 the management of extra-financial performance, including environmental, social and governance (ESG) criteria, will become essential for many companies. Taking a proactive approach to these new requirements means viewing sustainability as an opportunity for growth rather than a constraint. With Deveho’s expertise and appropriate ERP solutions, you can now convert your ESG data into actionable strategic insights.<\/p>\n
From 2025 onwards, the management of non-financial performance<\/strong> will be mandatory for almost 50,000 European companies<\/strong>. More specifically, the<\/strong> Corporate Sustainability Reporting Directive<\/strong> (CSRD) introduces new transparency rules around environmental, social and governance (ESG) criteria.<\/strong><\/p>\n However, this regulatory shift represents more than just compliance; it presents a strategic opportunity<\/strong> for companies to stand out, build stakeholder trust and enhance their resilience by committing to a sustainable trajectory.<\/p>\n In this context, Decarbonisation<\/strong> \u2014 cutting carbon emissions and shifting to low-carbon operations \u2014 is no longer optional. It is becoming a core pillar of long-term competitiveness.<\/strong><\/p>\n Indeed, the numbers* speak for themselves:<\/p>\n *Source: Sage study.<\/em><\/p>\n Therefore, Deveho<\/strong>‘s expertise in implementing fit-for-purpose ERP<\/strong> solutions can transform ESG data into valuable strategic intelligence.<\/strong><\/p>\n<\/p>\n The CSRD (Corporate Sustainability Reporting Directive)<\/strong> is a European directive designed to improve transparency<\/strong> regarding corporate sustainability practices. It replaces the NFRD with much broader requirements.<\/p>\n The CSRD applies to a wide range of economic players, including large companies,<\/strong> listed SMEs and financial institutions operating within the EU, as well as VSMEs through the directive\u2019s extension.<\/strong><\/p>\n These organisations must produce detailed reports on their environmental, social and governance (ESG) impacts, as well as the sustainability risks that could affect their economic performance.<\/p>\n To comply with the CSRD, companies must significantly strengthen their non-financial reporting<\/strong>. This includes:<\/p>\n This information must be presented in accordance with the European Sustainability Reporting Standards (ESRS)<\/strong> and included in the annual management report.<\/strong><\/p>\n<\/p>\n In response to criticism regarding the directive’s complexity and administrative burden, the European Commission<\/strong> proposed a series of adjustments via the Omnibus<\/strong> bill in April 2025<\/strong>, with the aim of simplification. While this reform proposal still has to be validated by the Council of the European Union,<\/strong> this is generally considered to be a formality.<\/p>\n The aim?<\/strong> To simplify and clarify regulatory requirements while making them more accessible and applicable to businesses.<\/p>\n<\/blockquote>\n This project forms part of the European Green Deal<\/strong> and was initiated by the European Commission<\/strong> with the aim of making sustainability reporting more coherent while reducing the administrative burden on companies.<\/p>\n In practical terms, the text consolidates several regulatory adjustments into a single law. In particular, it concerns:<\/p>\n By bringing these reforms together in one place, the EU aims to speed up the legislative process and standardise the various obligations placed on companies as part of the ecological transition.<\/p>\n <\/p>\n In the “portail-rse.beta.gouv.fr ” website:<\/p>\n In the “entreprendre.service-public.fr” website:<\/p>\nWhy is decarbonisation now a must?<\/h4>\n
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Who is affected by this regulation?<\/h4>\n
What are the key obligations?<\/h4>\n
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The five main changes proposed are as follows:<\/h4>\n
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\nThe reporting obligations for large unlisted companies (Wave 2) have been moved to 2028 (instead of 2026) and those for listed SMEs (Wave 3) to 2029 (instead of 2027).
\n\u27a4 This gives companies an additional two years to prepare.<\/li>\n
\nThe eligibility threshold would be raised significantly: only companies with more than 1,000 employees that meet higher financial criteria (turnover > \u20ac50m or balance sheet > \u20ac25m) would be affected.
\n\u27a4 This would exclude 80% of the companies initially affected.<\/li>\n
\nThe \u2018value-chain cap\u2019 would provide reinforced protection and limit data requests to companies with fewer than 1,000 employees, thus avoiding placing excessive pressure on smaller organisations.<\/li>\n
\nSector-specific standards would be abandoned in favour of a more general and simplified framework focusing on the most relevant quantitative data.<\/li>\n
\nThe level of assurance on ESG data would remain permanently limited, with no possibility of moving towards reasonable assurance.<\/li>\n<\/ol>\n\n\n
\n \nAspect<\/th>\n Current CSRD<\/th>\n Omnibus Proposal<\/th>\n<\/tr>\n<\/thead>\n \n Scope<\/strong><\/td>\n > 250 employees<\/td>\n > 1 000 employees and turnover > \u20ac50m or balance sheet > \u20ac25m<\/td>\n<\/tr>\n \n Wave 2 timetable<\/strong> (large unlisted companies)<\/td>\n Reporting in 2026<\/td>\n Reporting in 2028<\/td>\n<\/tr>\n \n Wave 3 timetable<\/strong> (listed SMEs)<\/td>\n Reporting in 2027<\/td>\n Reporting in 2029<\/td>\n<\/tr>\n \n Standards<\/strong><\/td>\n full ESRS standards with sector-specific versions<\/td>\n General and simplified standards, with priority given to quantitative data.<\/td>\n<\/tr>\n \n Value chain<\/strong><\/td>\n Obligation on all suppliers<\/td>\n Companies with fewer than 1,000 employees are exempt.<\/td>\n<\/tr>\n \n Assurance<\/strong><\/td>\n First limited insurance, then reasonable insurance.<\/td>\n Limited assurance only<\/td>\n<\/tr>\n \n SME Standards<\/strong><\/td>\n LSME is mandatory for listed SMEs.<\/td>\n Voluntary VSME standards<\/td>\n<\/tr>\n \n Taxonomy<\/strong><\/td>\n Mandatory for all companies: CSRD<\/td>\n Only for companies with a turnover of more than \u20ac450 million.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Key points<\/h4>\n
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Here are some external sources to help you complete your documentation:<\/h4>\n
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