Are the requirements of CSRD transposed? If yes, what was the implementation date and what is the name of the legislation?
Yes. The CSRD has been transposed into national law through amendments to the accounting and financial reporting framework. Implementing measures include OMF 85/2024 and related acts, adopted on 2 February 2024. Romania is no longer listed as subject to infringement proceedings for incomplete transposition.
The Stop-the-Clock Directive has been pushed to 01 January 2028.
The Omnibus I Directive has not been transposed yet, as the transposition deadline is 19 March 2027.
Has the local legislation extended the scope of the CSRD, by adding any additional requirements or going beyond the Directive in any way?
No.
No substantive expansion of CSRD scope or reporting content has been introduced beyond EU requirements. Any deviations relate mainly to administrative implementation.
How does the transposition affect different types of companies? Are there specific provisions for different sizes or types of companies, such as SMEs versus large enterprises?
The transposition of the CSRD in Romania affects companies based on their size and listing status.
Large undertakings must comply with full sustainability reporting requirements under the ESRS. A phased implementation timetable applies, in line with the EU framework. Public-interest entities are included in the first reporting wave.
Subsidiaries may be exempt from separate reporting if their parent prepares consolidated sustainability reporting.
Overall, the Romanian transposition follows the CSRD's proportionality approach. Larger companies face more extensive obligations. Smaller companies benefit from simplified or deferred requirements.
Do any enforcement provisions, such as sanctions or penalties exist under local law for non-compliance with CSRD?
Yes. Enforcement provisions apply under the amended accounting framework, including administrative sanctions for non-compliance with reporting obligations.
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