In Germany, large companies are required to publish annual sustainability reports. This applies to so-called "public interest entities"; specifically, capital market-oriented corporations and partnerships with limited liability as well as large credit institutions and insurance companies with more than 500 employees. The obligation came into force in Germany in 2017 with the CSR-RUG (CSR Directive Implementation Act) and thus represents the implementation of the EU Directive adopted in 2014.
The implementation of the reporting obligation does not require the use of a recognised set of rules such as the GRI Sustainability Code or the GRI SRS, but their application facilitates the legally compliant implementation of the law for most companies.
Publication of the Bundestag: https://www.bundestag.de/dokumente/textarchiv/2017/kw10-de-berichtspflichten-unternehmen-csr-493972
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