The Corporate Sustainability Reporting Directive (CSRD) is shaking up business across Europe – and it affects Norwegian companies too, especially subsidiaries of EU-based groups.
📌 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 – so yes, CSRD will apply here too.
🔍 Who is affected?
✅ Large companies (more than 250 employees or €40M revenue)
✅ Listed companies
✅ Non-EU companies with subsidiaries or branches in the EU
✅ Norwegian subsidiaries of EU-based groups – even if the parent does the reporting, local data will be required
📅 Timeline:
- Some companies must start reporting from 2025 (using 2024 data)
- For others, the deadline is 2026 or 2027, depending on size
💡 You’ll 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
🛠️ This requires data, systems, and people who understand the requirements – not just in HQ, but in each country.
🟢 If you’re unsure whether your Norwegian company falls under CSRD – or how to prepare for the reporting – I’m happy to help you break it down into concrete steps.