Corporate Sustainability Reporting Directive (CSRD) The CSRD determines which companies will be required to report on sustainability as of 2024 and how this reporting should be designed The further development of the German Sustainability Code is a project of the Federal Ministry for Economic Affairs and Energy
What are Germany’s Proposed Changes to EUs Omnibus CSRD? What are Germany’s Proposed Changes to EU's Omnibus CSRD? Germany has laid out a series of recommendations for revising the Corporate Sustainability Reporting Directive (CSRD), urging significant changes to streamline compliance and improve comparability between companies
Corporate Sustainability Reporting faces major changes The recommendations are based on a comprehensive empirical study on the climate and environmental reporting of German companies The study assessed the reporting practice of all capital market-oriented German undertakings subject to the Non-financial Reporting Directive for the years 2018 and 2019
Germany Pushes to Delay CSRD Sustainability Reporting Requirements for . . . The proposed changes were recently outlined in a leaked letter signed by senior government ministers to the EU Commission, and discussed by Federal Minister of Finance Jörg Kukies in an interview with German daily newspaper Börsen-Zeitung
On the table: The proposal for the German CSRD Implementation Act While European regulations apply directly to every EU country, directives must be transposed into national law A draft bill for the transposition of the EU Corporate Sustainability Reporting Directive (CSRD) into German law is now available
The EU Corporate Sustainability Reporting Directive Proposal: What . . . The European Commission has published a proposal for a Corporate Sustainability Reporting Directive (2021 0104) (“CSRD”), which forms just one part of a comprehensive package of sustainable finance measures (see our blog here)
Corporate Sustainability Reporting Directive (CSRD) in Germany: Current . . . Here, we break down what the CSRD is, its key components, and how Germany is preparing for its introduction What is the CSRD? The CSRD builds upon the Non-Financial Reporting Directive (NFRD) and will require a much larger scope of companies to engage in sustainability reporting