KIT - Institute of Management - Teaching - Chair of Management Accounting - Theses - Completed Theses - The Corporate Sustainability Reporting Directive and its Implications for Reporting Practices

With the introduction of the Corporate Sustainability Reporting Directive (CSRD), the group of companies subject to mandatory sustainability reporting is significantly expanded. In the future, many companies will not only have to provide financial metrics but also report on their activities in the areas of Environmental, Social and Governance (ESG). This presents companies, and especially responsible employees, with challenges as they must meet new requirements. This paper explores the reporting practices of companies and compares financial reporting with sustainability reporting under the CSRD. The comparison reveals changed technical skill requirements and the need for a strong understanding of sustainability matters to identify and understand the company’s impacts and calculate necessary sustainability KPIs.