Are you in scope for CSRD?
Answer 5 questions about your group structure, size, and EU presence. We’ll tell you whether the EU Corporate Sustainability Reporting Directive captures you, which route applies, when you first have to report — and what to do about it. Logic covers all three scope routes: direct EU undertaking, Article 40a EU branches, and Article 5 non-EU parents.
Where is your company headquartered?
CSRD scope splits sharply between EU-headquartered companies and non-EU groups with EU operations.
Frequently asked questions
Who is in scope for CSRD?
CSRD captures (1) EU companies that meet 2 of 3 "large undertaking" thresholds (250+ employees, €50m+ turnover, €25m+ balance sheet), (2) listed SMEs on EU-regulated markets, (3) non-EU companies with an EU branch generating €40m+ turnover (Article 40a), and (4) non-EU parent groups generating €150m+ EU turnover with at least one qualifying EU subsidiary or branch (Article 5).
What are the CSRD reporting waves?
Wave 1 (FY 2024): EU public-interest entities already reporting under NFRD. Wave 2 (FY 2025): other large EU companies. Wave 3 (FY 2026): listed SMEs, with opt-out available until FY 2028. Wave 4 (FY 2028): non-EU parents under Article 5.
How will the EU Omnibus simplification change CSRD scope?
The Commission proposes raising the employee threshold from 250 to 1,000, delaying Wave 2 by two years, and reducing the number of mandatory ESRS data points. Final text is expected late 2026 / early 2027 after trilogue. Until then, the current thresholds remain the legal baseline.
Does CSRD apply to US-headquartered companies?
Yes, via three possible routes: (1) any US-owned EU subsidiary that meets the "large undertaking" thresholds is captured directly, (2) a US company with an EU branch generating €40m+ turnover is captured under Article 40a, and (3) a US parent generating €150m+ EU turnover with at least one qualifying EU subsidiary or branch is captured under Article 5 from FY 2028.
Is this tool legal advice?
No. This is a high-level scoping tool to help you understand whether further investigation is warranted. Final scope conclusions should be confirmed with qualified counsel — particularly for borderline cases, complex group structures, and where the EU Omnibus changes may affect timing.
Methodology
Scope logic is based on Directive 2022/2464 (CSRD), Article 5 and Article 40a of the Accounting Directive as amended by CSRD, and EFRAG implementation guidance through May 2026. We surface an “Omnibus watch” flag on answers where the proposed Feb 2025 simplification package could meaningfully change the verdict — particularly on the proposed shift of the employee threshold from 250 to 1,000. This tool is not legal advice; confirm scope conclusions with qualified counsel before acting on them.
Once in scope, stay current
ESGFlux monitors EFRAG, ESMA, EBA, EIOPA, the European Commission, and 30+ other sources every 30 minutes — so CSRD scope changes, ESRS revisions, and Omnibus updates land in your inbox the day they happen.