Weißes FACT Logo mit Bezeichnung "TAX AUDIT LEGAL"

Sustainability Reporting

The Corporate Sustainability Reporting Directive (CSRD) replaces and significantly expands existing requirements for non-financial reporting. Its objective is to strengthen the accountability of European companies and increase transparency regarding sustainability aspects.

The European Sustainability Reporting Standards (ESRS) provide the applicable framework for implementing the CSRD. A key element is the principle of double materiality: assessing both the impact of a company’s activities on the environment and society, and the impact of sustainability factors on the company itself.

Fact Bild

Current Developments and Omnibus Proposals

At the beginning of 2025, the European Commission introduced proposals as part of an omnibus package aimed at simplifying the requirements. Key aspects include:

  • Simplification of reporting obligations, particularly for mid-sized companies
  • Proposal to adjust thresholds, e.g. to companies with more than 1,000 employees
  • Postponement of reporting requirements for certain companies (waves 2 and 3) by two years

These changes are not yet final and require approval by the European Parliament and the member states. Companies should therefore closely monitor further developments.

Fact Bild

Why You Should Act Now

Early implementation helps avoid risks and unlocks opportunities:

  • Sustainability is becoming increasingly relevant for financing, investors and stakeholders
  • Strategic alignment towards sustainable growth is a key competitive factor
  • Strengthening of credibility and brand reputation
  • Optimization of internal processes and identification of improvement potential
  • Compliance with regulatory requirements (CSRD, ESRS, EU Taxonomy, CBAM, etc.)

Our Sustainability Reporting Services

We support you across all relevant areas:

Advisory on the preparation of sustainability reports

Application of ESRS and other standards (e.g. GRI, VSME)

Legal and tax advisory in relation to CSRD, EU Taxonomy, CBAM and related regulations

Support in the preparation for and execution of external audits of your sustainability reporting

Always up to date

In our FACT blog, you will regularly find practical insights and the latest updates.

Visit the Fact Blog

Fact Bild

Additional Services

Tax Advisory

Auditing

Legal Advisory

International Advisory

Mergers & Acquisitions (M&A)

IT Systems Audit

Corporate Finance

Business Advisory

FACT – Sustainability Reporting
in Kassel and Northern Hesse

If you would like to understand what these regulations mean for your business in practice, we are here to support you. We help you prepare in a legally compliant and efficient manner.

Telefon E-Mail