Successful implementation of the CSRD Directive in Germany: A guide for companies

The implementation of the CSRD Directive brings with it many new requirements for sustainability reporting. According to PwC Germany, the CSRD reporting requirements will require around 50,000 companies in the EU to disclose their ESG data. These new regulations aim to create uniform and comparable sustainability reporting and increase transparency in the market.

The CSRD requires companies to have their sustainability reports externally audited and to provide them in a digital, publicly accessible format. A study by McKinsey shows that companies that implement ESG standards early on have a 13% better financial performance in the long term than companies that do not meet reporting obligations. Through targeted ESG strategies and compliance with the CSRD guidelines, German companies can leverage competitive advantages and strengthen the trust of their stakeholders.