Sustainability reporting: The way to standardized reporting according to the Corporate Sustainability Reporting Directive in Germany

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Abstact

The importance of sustainability is increasing in society as well as in the corporate environment. To force companies to deal with the topic in greater detail, the European Commission has revised the directive that regulates this reporting. This new version is to be mandatory from 2024 for reports on the 2023 business year. For this reason, companies must urgently deal with the increased requirements and implement them, because studies show that companies are not yet really well prepared for the innovations.

Keywords: Sustainability, Reporting, German Accounting

JEL Classification: M40, M41, Q01

Received: 27.04.2022
Accepted: 03.05.2022

How to cite: Ulrich, P., & Metzger, J. (2022). Sustainability reporting: The way to standardized reporting according to the Corporate Sustainability Reporting Directive in Germany. In G. M. Mantovani, A. Kostyuk, & D. Govorun (Eds.), Corporate governance: Theory and practice (pp. 81–87). https://doi.org/10.22495/cgtapp14