2025 as a significant year for sustainability reporting for the EU
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2025 as a significant year for sustainability
In 2024, the CSRD already affected few entities in the Czech Republic. However, the pivotal year in this regard will be this year, which is a significant and burdensome year from EU sustainability reporting point of view. The first reports of these companies, whose publication is expected during the spring and summer of 2025, will serve as a benchmark for the following companies.
In 2025, a significant number of large European companies (estimated to be more than 50 thousand entities across the European Union) will prepare a report that must be compliant with the requirements of the CSRD Directive for the first time. While sustainability reporting is not completely new for many of them, and therefore this task will be much easier, there are also companies that have no experience with anything similar and will have to deal with it for the first time.
However, the year 2025 is just the tip of the iceberg. Listed small and medium-sized enterprises (LSMEs) are expected to report for the first time next year (in 2026). Two years later, in 2028, non-EU companies that meet the two mandatory criteria will also start implementing ESG reporting.
Authors:
Zuzana Rozsívalová, ESG Manager, Forvis Mazars in the Czech Republic
Tereza Sedlmajerová, ESG Senior Consultant, Forvis Mazars in the Czech Republic
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