The Corporate Sustainability Reporting Directive (CSRD) will fundamentally reform reporting on sustainability aspects in the EU. According to estimates, the number of companies subject to reporting requirements will increase from 500 to 15,000 private companies in Germany alone as a result of the amended legal situation.
In addition to details on strategies, measures and goals for the implementation of sustainable management, corresponding key performance indicators are to be published. The variety of topics to be covered in the sustainability report will also increase considerably due to the new definition of the so-called double materiality.

The framework for reporting is provided by the European Sustainability Reporting Standards (ESRS), which concretise the reporting contents stipulated in the CSRD by way of disclosure requirements. The obligation of reporting in accordance with the CSRD is also accompanied by requirements from the EU Taxonomy Regulation, which poses further challenges. National legislation, for example in the form of the Act on Corporate Due Diligence Obligations for the Prevention of Human Rights Violations in Supply Chains also focuses on aspects such as sustainable and fair supply chains.

Companies should promptly address sustainability aspects and the requirements of sustainability reporting in order to position their company purposefully and prepare it for the future as well as to be able to play an active role and utilise the opportunities this development brings about.

We are happy to support you in determining the need for action in your company and in the targeted design and implementation of measures. We will inform you about the current status of legislation, analyse the value chain with you or support you in implementing the necessary structures.