
The government of Germany is pushing for significant changes to the implementation timeline and reporting requirements of the European Commission’s Corporate Sustainability Reporting Directive (CSRD), including pushing back sustainability reporting obligations for smaller companies by 2 years, and eliminating sector-specific reporting requirements.
The proposed changes were recently outlined in a leaked letter signed by senior government ministers to the EU Commission, and discussed by Federal Minister of Finance Jörg Kukies in an interview with German daily newspaper Börsen-Zeitung. The proposals come shortly ahead of federal elections in Germany next month, following the recent collapse of the government’s coalition.
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