From 2024, the CSRD (Corporate Social Reporting Directive) will initially come into force for large and capital market-oriented companies. However, all companies will be indirectly affected in future, as both suppliers and customers will have to implement corresponding queries for their respective reporting. The sustainability of the business model will also be a core requirement for reorganisation concepts in accordance with IDW S6.
In SMEs Managers should start with the ESG implementation with foresight as well in order to create a suitable database and establish automated processes. This creates a competitive advantage that should be utilised. Dr Goth will be happy to advise you on the implementation of ESG.