CSRD: Fewer large companies required to report – what does it mean for SMEs?
ESG & SustainabilityCSRD is postponed for large companies after Omnibus I. Get an overview of what the new rules mean for SMEs and class C.
Note: The EU is currently considering a legislative proposal that may postpone and reduce the scope of the CSRD. This could mean that fewer companies will be directly affected, and parts of the implementation may be delayed. We are monitoring developments closely and continuously update our advisory services in line with new legislation.
What is CSRD – and who does it apply to?
The Corporate Sustainability Reporting Directive (CSRD) introduces extensive requirements for ESG reporting. All large companies within the EU – and later certain non-EU companies with significant operations in the EU – will be covered.
The current timeline for implementation is as follows:
- From 2024: Listed companies with more than 500 employees (Accounting Class D)
- From 2025: Other large companies in Accounting Classes C and D
- From 2026: Listed small and medium-sized enterprises (SMEs)
- From 2027: Non-EU companies with substantial activity in the EU
A new EU proposal suggests raising the thresholds for when companies become subject to the directive and postponing some requirements by up to two years. The legislation is expected to be implemented in Denmark by the end of 2025.
In total, approximately 2.300 Danish companies are expected to be directly affected — while almost all others will be indirectly impacted through demands from customers, partners, or investors.
Bring structure and clarity to your CSRD process
CSRD introduces far-reaching reporting requirements that may seem complex — but when approached strategically, it can become a powerful driver of long-term business value.
At Grant Thornton, we help you build a clear structure for your ESG reporting and turn compliance into a natural part of your business development.
We assist with:
- Preparing carbon accounts and CO₂ calculations
- Providing auditor assurance on your carbon reporting
- Conducting double materiality assessments
- Performing GAP analyses against CSRD and ESRS standards
- Delivering workshops, ongoing advisory, or full end-to-end implementation
Contact us today for a non-binding discussion about how we can tailor our advisory to match your company’s specific needs.
From compliance to competitive advantage
Legislation can often feel like a burden — but CSRD also opens the door to new business opportunities. A structured and strategic approach to ESG strengthens your market position and builds trust with customers, investors, and employees.
With Grant Thornton, you gain more than just compliance support — you get a partner who understands your business and helps you create real value through sustainability.
Want to learn more?
Contact us today for a no-obligation conversation about how we can help your company navigate the CSRD requirements and strengthen your ESG and sustainability initiatives.
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