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Sustainability reports mandatory for large companies

This information is provided by:Netherlands Enterprise Agency, RVONetherlands Enterprise Agency, RVONederlandse versiePrinsjesdag suitcaseThis is a Prinsjesdag articleSee more expected changesEffective date: step-by-step from 2024

The European Corporate Sustainability Reporting Directive (CSRD) stipulates that large companies must report on activities that have an effect on the environment and social issues.

What changes?

Do you run or work for a large company? Or do you do business with large companies? From 2024 all listed companies and large enterprises must report on sustainability policy and performance. This is the result of the European Corporate Sustainability Reporting Directive (CSRD). The CSRD requires businesses to disclose the environmental and social impact of their activities. Companies must have this information verified by an auditor.

Large companies

The CSRD applies to companies that meet at least 2 of the 3 following conditions:

  • net turnover of €40 million or more
  • total assets of at least €20 million
  • 250 or more employees

Step-by-step implementation

The mandatory reporting will be implemented step-by-step. It depends among others on the size and activities of a company when they must comply with this requirement. For financial years starting on or after:

  • 1 January 2024, for companies that are already subject to the Non-Financial Reporting Directive (NFRD)
  • 1 January 2025, for large companies that are not yet subject to the NFRD
  • 1 January 2026, for listed SMEs, and for small and non-complex credit institutions and insurance companies

Medium-sized and small businesses are exempted from the CSRD until at least financial year 2026. However, they will have to deal with demands from their CSRD-compliant customers or suppliers.

For whom?

  • large companies
  • entrepreneurs doing business with large (CSRD-compliant) companies


It is expected this change will enter into effect from 2024, for reports published in 2025.

Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the upper and lower houses of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or Staatscourant (Government Gazette, in Dutch).

Prinsjesdag suitcasePrinsjesdag 2023See all expected changes for entrepreneurs in 2024

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