Definition
CSRD (Corporate Sustainability Reporting Directive) is the EU directive that expanded and replaced the NFRD from 2024. It requires large and listed companies to report sustainability information in accordance with the European Sustainability Reporting Standards (ESRS). Reporting must cover climate risk, energy consumption, labour practices and governance. From 2026, the directive will be extended to apply to SMEs listed on regulated markets. For Norwegian energy companies, CSRD means increased requirements for data collection and tracking of energy use, emissions and supply chain conditions.