Tax & Legal

On 10 July 2025 the Federal Ministry of Justice and Consumer Protection (BMJV) published a new draft bill to transpose the EU Corporate Sustainability Reporting Directive (CSRD) into German law. The previous federal government had already presented a draft bill to implement the CSRD. However, the legislative process was never completed. The CSRD aims to ensure that certain companies report on the social and environmental impacts and risks of their business activities. The aim of the draft bill is to implement the directive with as little bureaucracy as possible.

The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a major step forward in creating a more favorable business environment to help EU companies grow, innovate, and create quality jobs, the Commission says.

The Commission has recently published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the EU corporate sustainability reporting rules. The publication is part of the Commission's continuous effort to make the EU sustainable finance framework more usable for companies and reduce the administrative burden on them.

The Council has today formally adopted the corporate sustainability due diligence directive. This is the last step in the decision-making procedure.

On 13 June 2023 the Commission has put forward a new package of measures to build on and strengthen the foundations of the EU sustainable finance framework. The package aims to support companies and the financial sector, while encouraging the private funding of transition projects and technologies.

On 10 November 2022 the Corporate Sustainability Reporting Directive (CSRD) has been adopted by the European Parliament. All large companies in the EU will need to disclose data on the impact of their activities on people and the planet and any sustainability risks they are exposed to.