EcoOnline has launched its 2024 EU CSRD Readiness Report 2024, exploring how EU Corporate Sustainability Reporting Directive (CSRD) regulations are perceived by mid-market and enterprise businesses.

CSRD will require companies with turnover of more than €40m to report on the impact of corporate activities on the environment and society and requires the audit of reported information. Approximately 50,000 companies worldwide will be required to disclose, track and measure their sustainability performance. Small and medium enterprises will also come into scope later.

Although all of survey respondents have begun preparing for EU CSRD compliance, enterprise organisations (those with over €1bn in annual revenue) are further along in their readiness than their mid-market peers. While 60 per cent of enterprise organisations are 'almost ready' and have the right tools and solutions in place, only 37 per cent of mid-market businesses said the same, and risk being 'left behind' as a result.

Top areas cited by mid-market respondents as issues were: data collection, greenhouse gas (GHG) accounting, and drafting EU CSRD report outputs, indicating a lack of confidence in tools and processes.

The report found an overwhelming majority of respondents (66 per cent of enterprise and 89 per cent of mid-market) believe the directive will drive meaningful sustainability integration within their operations over the next 3–5 years.

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