An article from IBM gives basic information about CSRD. To be specific, The CSRD is European Union (EU) legislation, in effect since 5 January 2023, that requires EU businesses—including qualifying EU subsidiaries of non-EU companies—to report on the environmental and social impact of their business activities, and on the business impact of their environmental, social and governance (ESG) efforts and initiatives.
The goal of the CRSD is to provide transparency that will help investors, analysts, consumers, and other stakeholders better evaluate EU companies’ sustainability performance as well as the related business impacts and risks. Introduced as part of the European Commission’s Sustainable Finance Package, the CSRD notably expands the scope, sustainability disclosures and reporting requirements of its predecessor, the Non-Financial Reporting Directive (NFRD).
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Source: IBM