2024年5月10日 · The regulations include monetary fines (up to €18,750) and additional penalties (such as exclusion from public procurement contracts) for not publishing the sustainability report. There are also criminal penalties, such as a fine of up to €375,000 and a maximum of five years in prison, for not appointing an accredited independent third ...

2023年6月1日 · The CSRD will replace the existing NFRD framework by 2024 when the CSRD is applicable to all large companies operating in the EU. Starting in finantial year 2026, it will cover SME companies operating in the EU while non-EU companies are required to report against the CSRD in 2029 for financial year 2028.

2024年8月19日 · In this post, we dig deeper into the specifics of CSRD fines and penalties, offering guidance on how to avoid costly pitfalls and ensure full compliance. The CSRD does not directly specify fines or penalties for non-compliance …

2023年10月9日 · Under the NFRD, penalties currently range from fines of €25,000 or imprisonment for individual directors or fines being imposed on the company that could equal the higher of €10 million or 5% of the company’s global annual turnover.

2024年7月10日 · Failure to comply with CSRD requirements can result in severe financial penalties, which vary across European countries but are universally designed to enforce strict adherence. Each country in Europe has slightly different financial penalties for failing to adhere to reporting requirements, explore what those are for each country below:

2025年2月4日 · Financial penalties are among the most direct consequences of non-compliance. While the CSRD delegates penalty enforcement to individual EU member states, fines must meet these criteria: Effective: Sufficient to ensure compliance. Proportionate: Reflecting the gravity of the violation. Dissuasive: Designed to discourage repeat offenses.

2024年9月2日 · Fines and Monetary Penalties: Companies may face substantial fines for failing to meet the CSRD reporting requirements. For example, France imposes fines of up to €18,750 for non-compliance, and Germany could fine companies up to €10 million, 5% of total annual turnover, or twice the total profits made, or losses avoided due to the breach.

What happens if you don’t follow CSRD? The answer is simple: your business pays the price—financially, legally, and reputationally. However, the solution is just as straightforward: take CSRD compliance seriously, invest in training, and embed sustainability into the …

2023年5月25日 · Companies that fail to report and comply with the CSRD face fines of up to 10 million Euros or 5% of their annual revenue. This significant penalty reflects the importance of transparent ESG reporting and encourages companies to prioritize their sustainability efforts.

Affected companies or their executive bodies (board members or managing directors) may be exposed to the risk of criminal liability or fines under commercial law pursuant to Sections 331 or 334, 335 HGB if they do not comply with the requirements of the CSRD. Overview of legal risks in the event of non-compliance with the CSRD