“Directive (EU) 2022/2464 of the European Parliament and of the Council.”
A company that is listed on an E.U.-regulated market does not need to have operations within the European Union to be brought into scope. A company that is not listed on an E.U.-regulated market must have operations or be based within the European Union to be brought into scope.
The CSRD defines net turnover as “the amounts derived from the sale of products and the provision of services after deducting sales rebates and value-added tax and other taxes directly linked to turnover” (Article 2(5) Directive 2013/34/EU).
For further details on the scope of the CSRD, see the CSRD, paragraphs 17–21, and EU Accounting Directive (2013/34/EU), Articles 19a and 29c, and Chapter 9a as amended by the CSRD. For more on the information to be disclosed, see the CSRD, paragraph 47, and EU Accounting Directive (2013/34/EU), Article 29b and Article 29a, paragraph 3, as amended by the CSRD.
Entities subject to other E.U. regulations may need to report certain disclosure requirements and data points prescribed by other E.U. regulations that may overlap with disclosure requirements and data points deemed voluntary or subject to a materiality assessment by ESRS.
“Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the Establishment of a Framework to Facilitate Sustainable Investment, and Amending Regulation (EU) 2019/2088.”
SEC Proposed Rule Release No. 33-11042, The Enhancement and Standardization of Climate-Related Disclosures for Investors.