CSRD: what are the penalties?

The CSRD establishes penalties to ensure compliance with financial and non-financial disclosure obligations by EU companies.

Penalties can include warnings, financial fines and suspension of subsidies. regulatory authorities may publish information on companies’ non-compliance, which may affect their reputation.
In the event of fraud or deliberate concealment of information, criminal proceedings may be brought against those responsible, including company directors.

CSRD: what are the differences with the NFRD?

The CSRD (corporate social responsibility directive) and the NFRD (european standards on non-financial disclosure) have similar objectives of transparency in the communication of environmental, social and governance data, but differ in their regulatory approach.