Turn Sustainability Into Long-Term Business Value.

Yes, from 2029, non-EU parent companies with net turnover above €150M in the EU and at least one EU subsidiary or branch above defined thresholds will be required to publish a group-level sustainability report aligned with CSRD requirements. In practice, many non-EU companies are already preparing their CSRD response earlier, due to requirements cascading down from EU-headquartered customers and partners, or due to their EU subsidiaries falling within scope under earlier tranches.

Double materiality is the cornerstone of CSRD. It requires companies to assess sustainability topics from two perspectives simultaneously: how sustainability issues (climate change, biodiversity loss, human rights risks) create financial risks and opportunities for the business (financial materiality or “outside-in”), and how the company’s own activities, products, and value chain create impacts on people and the environment (impact materiality or “inside-out”). The double materiality assessment (DMA) determines which ESRS topics a company must report on in full, making it the strategic foundation of the entire CSRD exercise.

In practice, the terms are often used interchangeably, though they carry different historical connotations. CSR (Corporate Social Responsibility) traditionally refers to a company’s voluntary commitments to social and environmental responsibility (often structured around philanthropy, community engagement, and workplace practices). Sustainability strategy is typically broader and more embedded in the business model (encompassing decarbonisation, circular economy, biodiversity, supply chain resilience, and long-term value creation).