While CSRD mandates reporting entities, it doesn’t dictate content or structure, which has been specified in the Delegated Regulation of the ESRS by the European Commission on July 31, 2023. This reporting’s significance lies in the fact that it has to be seen as equally important as financial reporting, impacting (ESG) and credit ratings plus investor attractiveness. Violations may incur fines ranging from 50,000 euros to 10 million euros or up to 5% of the annual group global turnover.