CSRD: New EU standards for sustainability reporting – What Swiss companies need to know
The Corporate Sustainability Reporting Directive (CSRD) is an EU directive designed to improve transparency and comparability in sustainability reporting. It replaces the Non-Financial Reporting Directive (NFRD) and extends the scope to more companies, including those from Switzerland that operate in the EU.
Key points of the CSRD:
- Sustainability declaration: Companies must publish sustainability indicators in a mandatory and standardised manner in the management report of the annual report. This promotes transparency and comparability of the reports.
- Disclosure requirements: The European Sustainability Reporting Standards (ESRS) define the report content and promote measurability and comparability through key figures. This enables a transparent presentation of the sustainability performance of companies. The omnibus procedure brought about significant simplifications in terms of content (Simplified ESRS), which still have to be adopted by the EU Commission (as of January 1, 2026).
Reporting obligations and deadlines:
The decision in the omnibus procedure at the end of 2025 narrowed the circle of affected companies:
- The CSRD reporting obligation applies to companies from the EU with more than 1,000 employees and annual revenues of more than EUR 450 million.
- Companies that were already subject to NFRD must report according to CSRD from the 2026 financial year onwards. Other large companies will be subject to reporting requirements from 2027 onwards.
- Companies from third countries: Non-EU companies are also subject to CSRD requirements if they generate net revenues of more than EUR 450 million within the EU or have subsidiaries or branches in the EU that generate revenues of more than EUR 200 million. These companies are expected to report on the 2028 financial year from January 1, 2029.
- Scope of application: In Germany, around 5,000 companies subject to reporting requirements are still affected under the omnibus procedure. Swiss companies that have a large subsidiary in an EU country or generate net sales of more than EUR 450 million in the EU or have a subsidiary or branch in the EU are also affected.
Our services for CSRD compliance:
Double materiality analysis
Together, we carry out a double materiality analysis, which takes into account both the financial relevance of sustainability issues for the company and the impact of the company’s activities on the environment and society.
ESG data management
We help you to set up a suitable ESG data management system.
Gap analysis
A gap analysis reveals specific reporting gaps.
Roadmap-Workshop
We help you prioritise the need for action in relation to EU taxonomy data collection, climate risk analyses, greenhouse gas balances or climate strategies.
We support you in closing reporting gaps, make CSRD reporting plannable and help to clearly communicate measures for important stakeholder groups.
CSRD-Readiness Check
Accompanying reporting
We ensure that your reporting fulfils the legal requirements of the CSRD and EU taxonomy. We work closely with auditing firms to ensure audit-proof implementation.
