On 5 January 2023 the Corporate Sustainability Reporting Directive (CSRD) entered into force. The new directive aims at improving the existing non-financial reporting regime and facilitate the transition to a sustainable economy, but also entails considerably enhanced reporting obligations of sustainability information for in-scope companies.

This article firstly provides an overview of the new regulation and its implementation into Swedish law, after which the complex issue on scope is covered. The overview is followed by a brief description of the main content of the actual sustainability reporting obligations and the standards to be adhered to when reporting. Conclusively, auditing and verification will be discussed, which topics provide for novel challenges in comparison with the existing regime. Read the article by Niclas Rockborn and Camilla Hedner here.