Sustainability report

Large corporations and listed companies, in particular, share the annual progress they have made in terms of sustainability – in a dedicated sustainability report. In doing so, they take up the most important measures from the “Environmental”, “Social”, and “Governance” areas (“ESG” or “triple bottom line”). In Germany, the legal basis for this is the CSR Directive Implementation Act of 2017. In April 2021, the EU issued the so-called Corporate Sustainability Reporting Directive (CSRD). According to the CSRD, all large companies (>40 million euros in sales, >20 million in total assets, >250 employees) must report on their sustainability activities within their management report as early as 2024 for financial year 2023. In Germany, the CSRD will become law in 2022.