Simplify CSRD reporting with our intuitive platform. It ensures compliance and accuracy, helping businesses meet standards efficiently.
- User-friendly interface
- Accurate and compliant
- Collaborative
CSRD Reporting Software
CFOUR Comply
CFOUR Comply: CSRD software for easy reporting
CFOUR Comply simplifies CSDR reporting with an intuitive platform that ensures compliance and
accuracy. From streamlined reporting to enhanced collaboration tools, we empower businesses to meet
regulatory standards efficiently and prepare for future requirements.
Intuitive and Quick Implementation
Intuitive interface for seamless adoption and quick setup.
Accurate and Compliant
Ensure regulatory compliance with precise CSRD reporting.
Collaborative
Enhance teamwork and efficiency with our collaborative CSRD reporting platform.
What is CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is an EU regulation setting a new standard for corporate sustainability disclosures. It requires companies to integrate environmental, social, and governance (ESG) data into their financial reports. Recent updates under the Omnibus proposal have simplified compliance and reduced the number of affected companies.
Corporate
Sustainability
Reporting
Directive
How will CSRD affect you?
CSRD took effect on January 5, 2023, aiming to expand sustainability reporting beyond NFRD requirements. Originally, nearly 50,000 companies were expected to comply, with large firms starting in 2026, followed by smaller businesses up to 2030.
However, the Omnibus proposal has delayed and narrowed CSRD’s scope. Now, only companies with over 1,000 employees, €50 million in revenue, or €25 million in assets will be required to report. Large enterprises will start in 2028 instead of 2026, reducing the number of affected firms by 80%.
Key Points:
- Broader transparency – CSRD extends beyond financial reporting, improving corporate accountability.
- 6,000 companies, which meets the criteria of over 1,000 employees, €50 million in revenue, or €25 million in assets will be required to report (down from 50,000).
- The reporting started in 2025 for NFRD companies, with the next phase in 2028 for large entities, and for qualifying Non-EU companies in 2029.
- The listed SMEs were removed from the scope of the directive, leaving uncertainty in the questions of when these companies should start reporting.
The European Financial Reporting Advisory Group (EFRAG) continues refining standards, with final approval by the European Commission expected after further consultations.
The CSRD requires sustainability reporting from large entities, both within and outside the EU. Initially, an estimated 50,000 companies were expected to comply. However, following the Omnibus Proposal, the scope has been reduced by 80%, now affecting around 6,000 companies — primarily large entities. The detailed criteria are outlined below.
Workflow
A streamlined workflow towards CSRD reporting
With CFOUR Comply we focused on simplifying the process that you as the issuer need to follow to generate a CSRD submission which is ready to be published to your OAM (Officially Appointed Mechanism) as well as your website. Our cloud solution handles everything from precise conversions of your annual report in PDF format to HTML and providing with you with an intuitive interface to tag your financial statements within the report. After you tag your report and fix any validations issues you can download the XBRL generated by Comply and proceed with the submission.
Frequently asked questions
Q : What is CSRD reporting?
A : CSRD (Corporate Sustainability Reporting Directive) reporting is a standardized framework for companies operating in the EU to disclose their environmental, social, and governance (ESG) impacts.
Q : Which companies need to report on CSRD?
A : CSRD applies to a range of large entities both within and outside the EU. The implementation is phased, starting in 2025 with companies already under the Non-Financial Reporting Directive (NFRD), followed by all large EU companies in 2028, and qualifying non-EU companies in 2029 according to the latest Omnibus proposal, published on February 26, 2025. CFOUR Comply, as a CSRD reporting software, is specifically designed to assist all these companies in meeting their reporting obligations efficiently and accurately, regardless of their size or implementation phase.
Q : Why is CSRD so important?
A : CSRD is crucial because it fosters transparency and accountability in sustainability reporting. It supports the EU’s goal of climate neutrality by 2050 and provides a standardized approach to reporting ESG factors, which is crucial for sustainable finance.
Q : How to start with CSRD?
A : To start with CSRD, implement CSRD reporting software like CFOUR Comply. It offers an intuitive interface for seamless adoption and quick setup. The software ensures regulatory compliance with precise CSRD reporting and enhances teamwork through its collaborative platform. CFOUR Comply simplifies the entire process, helping businesses meet CSRD standards efficiently.
Q : How does CSRD reporting software streamline the compliance process?
A : CSRD reporting software like CFOUR Comply streamlines the compliance process by standardizing reporting formats and ensuring accuracy. This automation reduces manual errors, saves time, and ensures consistency across reporting periods. CFOUR Comply’s collaborative features also facilitate better communication among teams, further enhancing the efficiency of the reporting process.
