No gold-plating for the implementation of the CSRD!

The Corporate Sustainability Reporting Directive must be transposed into national law by 6 July 2024. Businesses are confronted with huge practical challenges when implementing the European sustainability reporting requirements. We therefore welcome the legislator's intention to implement the directive on a one-to-one basis. However, the draft bill contains a number of more stringent measures that are not being justified. This concerns, for example, the single electronic reporting format, workers’ representatives and the appointment of the statutory auditor of the sustainability report. When appointing the auditor, the auditor of the financial statements should also be considered the auditor of the sustainability report for reasons of efficiency. It is positive that double reporting obligations should be avoided in view of the Supply Chain Due Diligence Act.