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Corporate Sustainability Reporting Directive to impose new sustainability reporting requirements

ERA - European Rental Association
ERA International
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ERA - European Rental Association


The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) ‎aims to revise and strengthen the existing rules introduced by the Non-Financial Reporting ‎Directive (NFRD) and will legally oblige companies to report on compliance with new European ‎sustainability reporting standards. ‎

The scope includes all EU companies that meet at least 2 out of 3 criteria: more than 250 employees, a turnover that exceeds €40 million and a balance sheet that exceeds €20 million.‎

The reporting requirements will include generic, sectoral and company-specific KPIs. ERA will use ‎its CSR KPI Guidance Framework to push for establishing a set of sectoral KPIs relative to the ‎rental industry to be included in this delegated act.‎

The ERA CSR KPI Guidance Framework is a tool published in 2021 to enable rental companies to assess their current approach to sustainability performance measurement and reporting, and rate how well they perform against an industry framework. It is currently being updated based on the EU current regulatory developments and will establish a set of benchmarks of given KPIs across the rental industry.

Source: ERA - European Rental Association