ESG

Large businesses with over 500 employees or € 150m ( US $ 164m ) in EU turnover , having at least one branch in the EU , will need to start tracking the data needed for 2025 reporting

Businesses already subject to the NFRD or CSRD will have to start reporting on the financial year 2024 , and other companies will need to track for 2026 reporting if they have over 250 employees or € 40m ( US $ 43m ) turnover or € 20m ( US $ 21m ) in assets

Large undertakings not currently subject to the NFRD will have to start reporting on the financial year 2025 , and certain SMEs will need to track for 2027 reporting

SMEs and small and noncomplex credit institutions and captive insurance undertakings will have to start reporting for the financial year 2026

Non-European companies that have branches or subsidiaries will have to start reporting sustainabilitymag . com 91