The CSRD has provided for a gradual approach to initial application. The table below shows the dates of initial application of the CSRD for each category of undertakings or parent undertakings covered.
| # | Financial years starting from: | In-scope undertakings: | In-scope undertakings: | In-scope undertakings: |
| 1 | 01/01/2024 | Large undertakings: – whose securities are admitted to trading on a regulated market in the EU; or – which are credit institutions; or – which are insurance or reinsurance companies; and – which employ more than 500 people. | Undertakings that are parent undertakings of a large group: – whose securities are admitted to trading on a regulated market in the EU; or – which are credit institutions; or – which are insurance or reinsurance companies; and – which employ more than 500 employees. | – |
| 2 | 01/01/2025 | Large undertakings that meet at least two of the three “adjusted” criteria set out in Article 47 L.19/12/2002 other than those referred to in point 1 above. | Parent undertakings of a group that, on a consolidated basis, exceeds at least two of the three “adjusted” criteria set out in Article 1711-4 L.10/08/1915 other than those referred to in point 1 above. | – |
| 3 | 01/01/2026 | Small undertakings (Art. 35 L.19/12/2002) and medium-sized undertakings (Art. 47 L.19/12/2002): – whose securities are admitted to trading on a regulated market in the EU, and which – are not micro-undertakings. | Small and non-complex credit institutions that: – are large undertakings or – are SMEs (excluding micro-undertakings) whose securities are admitted to trading on a regulated market. | Captive insurance companies and captive reinsurance companies that: – are large undertakings or – SMEs (excluding micro-undertakings) whose securities are admitted to trading on a regulated market in the EU. |
| 4 | 01/01/2028 | Undertakings from third countries: – with a net turnover of at least €150 million in the EU; – with at least one of the following in the EU:. . a large subsidiary or a small or medium-sized subsidiary whose securities are admitted to trading on a regulated market in the EU; or, failing that, . a branch with a net turnover of more than €40 million. | Where the undertaking briefly states in its management report the reasons why sustainability information has not been provided: Small undertakings (Art. 35 L.19/12/2002) and medium-sized undertakings (Art. 47 L.19/12/2002): – whose securities are admitted to trading on a regulated market in the EU, and which – are not micro-undertakings. | – |