The E.U.’s Corporate Sustainability Reporting Directive (CSRD) requires large companies and exchange-listed small and medium enterprises to provide ongoing reports on their environmental and social impact activities that will help investors, consumers, legislators, and others to better understand the companies' non-financial performance, including efforts to prevent bribery and corruption. It extends the scope and reporting requirements of the Non-Financial Reporting Directive, a regulatory framework that has required sizable public interest entities to report on their sustainability performance since 2018. Under the CSRD, which took effect in January 2023, the European Commission defines a common reporting framework for non-financial data for the first time. The Anti-Corruption Report consulted with Wilson Sonsoni partner Jindrich Kloub and Baker McKenzie partner Eva-Maria Ségur-Cabanac to understand more about the directive and how companies should be preparing for compliance, in some cases as soon as January 1, 2025. See “Taking a Measured and Forward-Looking Approach to ESG Compliance” (Dec. 1, 2021).