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To fall in scope of mandatory compliance with the EU's Corporate Sustainability Reporting Directive (CSRD), companies would need to meet which of the following conditions? Condition 1EUR40 million in net turnover Condition 2EUR20 million in assets Condition 3250 or more employees
Correct Answer: B
The EU's Corporate Sustainability Reporting Directive (CSRD) mandates that companies need to meet at least two of the following three criteria to fall under its scope of mandatory compliance: * EUR 40 million in net turnover * EUR 20 million in assets * 250 or more employees This requirement is designed to ensure that significant entities are subject to sustainability reporting, reflecting their potential impact on and responsibility towards environmental, social, and governance (ESG) factors. References: * The CSRD directive outlines the scope and criteria for mandatory sustainability reporting within the EU.