The Corporate Sustainability Reporting Directive (CSRD) is shaking up business across Europe β and it affects Norwegian companies too, especially subsidiaries of EU-based groups.
π What is CSRD?
A new EU directive that requires detailed reporting on Environmental, Social and Governance (ESG) performance.
Norway follows EU legislation via the EEA agreement β so yes, CSRD will apply here too.
π Who is affected?
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Large companies (more than 250 employees or β¬40M revenue)
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Listed companies
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Non-EU companies with subsidiaries or branches in the EU
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Norwegian subsidiaries of EU-based groups β even if the parent does the reporting, local data will be required
π Timeline:
- Some companies must start reporting from 2025 (using 2024 data)
- For others, the deadline is 2026 or 2027, depending on size
π‘ Youβll need to report on:
- Carbon footprint and climate risk
- Gender equality and social impact
- Human rights in supply chains
- Governance and anti-corruption policies
- How your strategy aligns with sustainability goals
π οΈ This requires data, systems, and people who understand the requirements β not just in HQ, but in each country.
π’ If youβre unsure whether your Norwegian company falls under CSRD β or how to prepare for the reporting β Iβm happy to help you break it down into concrete steps.