The CSRD (Directive EU 2022/2464) is the EUโs new framework for mandatory sustainability reporting. It replaces the older Non-Financial Reporting Directive (NFRD) and significantly expands the scope and depth of ESG disclosures.
Key features:
Applies to large companies, listed SMEs, and non-EU firms with substantial EU operations
Requires detailed reporting on environmental, social, and governance (ESG) impacts
Includes value chain transparency (products, services, suppliers)
Introduces the role of a sustainability auditor to verify ESG data
In Italy, implemented via Decreto Legislativo 125/2024, effective from September 2024
Green Public Procurement (GPP) is a voluntary EU policy tool that encourages public authorities to purchase goods, services, and works with a reduced environmental impact.
Key elements:
Uses Common GPP Criteria across sectors (construction, ICT, transport, etc.)
Promotes circular economy, energy efficiency, and low-carbon materials
Influences market behavior by rewarding sustainable suppliers
In Italy, GPP is embedded in Criteri Ambientali Minimi (CAM), which are mandatory for public tenders
GPP sectors include:
Construction & infrastructure
ICT and cloud services
Mobility & transport
Waste management and more
Companies subject to CSRD must disclose how their products and services align with GPP criteria, especially if they participate in public tenders.
GPP compliance can enhance ESG performance and improve a companyโs sustainability rating.
Public buyers increasingly use CSRD disclosures to assess supplier credibility and environmental impact.