This article is available in Norwegian on Sopra Steria's website.

Corporate Sustainability Reporting Directive

 (CSRD) will directly and indirectly affect numerous Norwegian businesses. CSRD represents a game-changer for companies' strategic sustainability work and is much more than "just" a reporting directive.

Corporate Sustainability Reporting Directive (CSRD)

CSRD replaces the non-financial reporting directive (NFRD), implemented in Norwegian law through Section 3-3-c of the Accounting Act. CSRD aims to equate financial information with sustainability information, making comparing sustainability data from multiple companies easier. With reliable and improved data, companies can ensure strategic management, prioritisation, and reporting on what is essential.

Double significance and requirements for sustainability strategy and goals

Significance and subsequent prioritisation are critical in CSRD work: It will be necessary to conduct a double materiality analysis that identifies areas where a company has an impact and where it is itself affected by external financial factors. In addition, the directive requires companies to have strategies and goals aligned with the 1.5-degree goal of the Paris Agreement.

can help you with double materiality analysis. 

CSRD: More than "just" a reporting requirement

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Publicly traded companies, banks, insurance, and credit institutions that have:

Large enterprises/groups that meet at least two of three criteria:

Listed SMEs, small and non-complex credit institutions, and certain insurance companies.

Size criteria for listed SMEs, at least two of three:

What you need to know about CSRD