New EU directive to require companies with over 500 staff to report travel sustainability in 2024

The EU Corporate Sustainability Reporting Directive (CSRD) will be introduced in January 2024. The directive will require companies with as few as 500 staff to report on the sustainability impact of their corporate travel. It was previously established for larger companies being required to report its sustainability impact of their corporate travel. However, with the CSRD, around 11,500 public interest companies across the EU will have to comply with the new rules in regards to monitoring travel during 2024 and subsequently report on them publicly in the following year. Traxo founder and CEO Andres Fabris said: “The CSRD highlights another