Three blue arrows with German text explain reporting requirements: from 2025 for companies under NFRD, from 2026 for other companies, and from 2027 for listed SMEs, small banks, and insurers.

Three blue arrows with German text explain reporting requirements: from 2025 for companies under NFRD, from 2026 for other companies, and from 2027 for listed SMEs, small banks, and insurers.