Implementation of the CSRD into national law: Government presents draft

At a glance

• Germany was supposed to implement the Corporate Sustainability Reporting Directive (CSRD) into national law by 6 July 2024.
• However, there is currently only a government draft which is dated 24 July 2024.
• The draft does not go beyond the requirements of the directive with regard to its reporting obligations.

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Under the CSRD, companies in scope are required to report and disclose information on sustainability matters which includes environmental impacts as well as social impacts.

The CSRD was to be transposed into national law by 6 July 2024. However, in Germany, there is currently only a government draft dated 24 July 2024, which does not go beyond the requirements of the directive with regard to its reporting obligations

The draft will be discussed in the Bundestag in the coming months. It is not clear yet when the legislative process will be finalised.