CSRD: EU Commission calls on Germany to implement it

The EU Commission has initiated infringement proceedings and is calling on Germany to implement the Corporate Sustainability Reporting Directive (CSRD). Otherwise, it argues, the directive could not achieve the desired harmonization in Europe. Furthermore, investors would lack the necessary ESG information they need to make their decisions. The CSRD is part of the Green Deal and provides for extended and stricter criteria for sustainability reporting by companies.