Full definition
First EU-level sustainability reporting directive. Covered ~11,000 companies. Criticisms: insufficiently prescriptive, little auditing, poor comparability. Transposed in France through DPEF. Do not confuse it with CSRD, which replaces it from 2024 (CSRD covers 12 detailed ESRS standards, ~50,000 EU companies, versus 6 simple ESG themes and ~12,000 companies for NFRD).
Key figures
- ~11,700European companies covered by NFRD (scope carried forward, then expanded by CSRD)
- ~10,000companies remaining within CSRD after Omnibus, which reduced the initial scope by around 80 %