Companies need to focus more on the topic of sustainability in order to meet current social challenges. Politicians have created a framework for this with the Corporate Sustainability Reporting Directive (CSRD) from 2025.
The CSRD radically changes the scope and requirements for sustainability reporting. It obliges companies to report on the impact of their business operations on people and the environment (ESG). The CSRD will extend the Non-Financial Reporting Directive (NFRD) and significantly expand its scope, meaning that companies will have to report more comprehensively and according to more uniform standards.
This intensive engagement with sustainability issues offers a wide range of opportunities for companies:
- Studies show positive effects on corporate development as well as the fact that CSR and ESG aspects are becoming more prominent in the perception of stakeholders.