# CSRD

*ESG & Sustainable Finance — Finicade finance glossary*

The CSRD is the EU sustainability reporting regime, requiring detailed audited disclosure from thousands of companies, including large non-EU groups.

The CSRD is the EU's sustainability reporting regime, requiring detailed audited disclosure from thousands of companies including large non-EU groups operating there. It's built on double materiality and standardised into the ESRS, making sustainability data auditable rather than promotional. Its scope and timelines have been scaled back under simplification pressure, but the direction — assurance rather than narrative — has held.

**Also known as:** Corporate Sustainability Reporting Directive, ESRS

**Related terms:** [Double Materiality](https://finicade.com/glossary/double-materiality), [TCFD](https://finicade.com/glossary/tcfd), [SFDR](https://finicade.com/glossary/sfdr), [Disclosure](https://finicade.com/glossary/disclosure), [Scope 1, 2 and 3 Emissions](https://finicade.com/glossary/scope-1-2-and-3-emissions)

Source: https://finicade.com/glossary/csrd