Statement on the Government Draft for the Implementation of Directive (EU) 2022/2464 on Sustainability Reporting (CSRD-UG)

The German economy has come a long way over the past decades on the path toward sustainable corporate management and has completed a whole series of politically set milestones. In the continued expansion of sustainability reporting, it has accepted far-reaching administrative burdens – even to the point of direct losses in its global competitiveness. However, the expansion of sustainability reporting now mandated by the European legislator exceeds what is proportionate.