Implementation of the European Union (EU) Corporate Sustainability Reporting Directive (CSRD) Directive (EU) 2022/2464 of the European Parliament and of the Council is to be phased in from the beginning of 2024 and will require relevant companies to provide information on the risks and opportunities arising from social and environmental issues and the impact of their business on people and the environment. The CSRD significantly changes the landscape for corporate sustainability reporting by requiring relevant companies to comply with prescribed disclosure formats and reporting standards. In particular, non-EU corporate groups (including the US) will need to consider whether they may be subject to the CSRD requirements given that disclosure will be required at a consolidated level, covering both non-EU subsidiaries and non-EU subsidiaries of EU groups. (Authors are Harry Keegan, Dougall Meston, George O'Malley and Francesca Wilson Akin Gump Strauss Hauer & Feld LLP)