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CSRD

The new sustainability reporting standard for real estate

The Corporate Sustainability Reporting Directive CSRD is one of the most significant regulatory changes affecting sustainability reporting in Europe. It requires companies to provide detailed and verifiable information on environmental, social and governance topics, making sustainability reporting as important as financial reporting. For the real estate sector, CSRD compliance becomes essential for investor confidence, financing opportunities and regulatory alignment.

What the CSRD Requires

From the 2024 financial year onward, large companies must report according to the European Sustainability Reporting Standards ESRS. These include reporting on:

The organisation’s sustainability strategy and business model
Time bound sustainability objectives
The resilience of sustainability initiatives
The role of the board and leadership in sustainability
Impacts, risks and opportunities related to ESG topics

Timeline for implementation

The CSRD entered into force on 5 January 2023. The rollout is as follows:

From 2024: companies previously under the NFRD and with over 500 employees
From 2025: all large companies
From 2026: small and medium sized listed companies
From 2028: non EU companies with significant European activity

Sanctions and oversight

While penalties vary by member state, non compliance may result in:

Reputational damage
Loss of investor trust
Increased regulatory scrutiny

Why the CSRD Matters for Real Estate

It increases transparency in sustainability performance
Enables better risk management and long term planning
Influences access to financing and investment
Helps companies align with EU sustainability goals

How we support CSRD compliance

Together with Flynth and Rombou, we help real estate organisations gather verifiable sustainability data through frameworks like BREEAM, GPR and BCI, supporting accurate and compliant CSRD reporting.