On 22 March 2024, the Federal Ministry of Justice published a draft for the German implementation of the EU Corporate Sustainability Reporting Directive (CSRD).
According to verbaende.com, the German government estimates the compliance costs for businesses for the implementation of the CSRD at around 1.4 billion euros per year. The German government also states that these are exclusively bureaucratic costs.
Due diligence obligations in the areas of governance, social and environmental issues are an increasingly important part of European and German legislation. In addition to requirements for due diligence obligations in the supply chain or sustainability reporting, these due diligence obligations are also integrated into product requirements such as the EU Battery Regulation.
No time to follow further developments in the area of CSRD in detail? trade-e-bility keeps you up to date with the Legal Monitoring Service.
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Is your company affected by the CSRD? Take precautions now in good time: The trade-e-bility management consultancy will work with the responsible employees in your company to set up a sustainability management system in small steps to ensure that you are prepared for the new requirements by the time they are introduced. Christopher Blauth and Jens Haasler will be happy to answer your questions. You can request a non-binding orientation meeting at beratung@trade-e-bility.de.
