Directive (EU) 2022/2464 of December 14, 2022, also known as the CSRD directive, modifies the disclosure of information by companies with regard to sustainability. The new non-financial reporting model is based on the presentation of the management report. This becomes the tool of CSR, as well as the reflection of the economic and financial situation of the company. With the aim of including the ecological and climate transition in the strategy of companies and financial institutions, the sustainability report is a new pillar in support of an already rich regulatory structure at European Union level. The richness of the text preventing us from presenting all the aspects, the issue addressed will focus on the effectiveness of sustainable reporting and improving the reliability of information disclosed by companies, to avoid the effects of greenwashing. The 2022 directive thus includes unprecedented transparency obligations and increases the need for internal controls and due diligence. The level of sanctions is also a real question for obtaining a good application of the legislation. So, will sustainability disclosure be a major driver of exposure and liability when a company fails to conform its actions to its statements?