EU Sustainability Reporting Obligations And The Corporate Sustainability Reporting Directive

Sustainability reporting is a hot topic as more and more companies are required to report on their sustainability efforts. This is due not only to stricter legal requirements, but also to market expectations.

Current EU sustainability reporting obligations

Under the EU Non-Financial-Reporting Directive (NFRD) and its national implementation, large public interest entities have been legally obliged to prepare and publish an annual report on their sustainability efforts since 2014. Since 2022, companies within the scope of the relevant implementing legislation of the NFRD must also fulfil the supplementary reporting obligations of the EU Taxonomy Regulation in their non-financial statement. For this purpose, these companies must review their business activities and determine the extent to which they contribute substantially to six specified EU environmental goals. In Germany, since 2023, there have been additional sustainability-related reporting obligations under