CSR Directive: VDMA calls for streamlining of reporting requirements|
Opinion
Last update: August 17, 2022
CSR Directive: VDMA calls for streamlining of reporting requirements
By Sarah Brückner
Sarah Brückner is Head of the Environment and Sustainability Department at the German Mechanical Engineering Industry Association (VDMA).
The European Financial Reporting Group (EFRAG) is drafting new standards for sustainability reporting requirements. These requirements, however, would benefit the environment less than the consulting industry, as it would enable the latter to acquire new customers, according to VDMA’s Sarah Brückner.
Sometimes less is more – even in the sustainability sphere. The EU wants to force significantly more companies to report on measures that ensure greater sustainability. To ensure this, the EU is planning another comprehensive set of rules with the CSR Directive.
