European CSR Directive comes into force


European CSR Directive comes into force in Germany

Yesterday, on 9 March 2017, the German Parliament finally adopted the “law to strengthen non-financial reporting of companies in their annual reports.” As the Federal Council, the upper house of the parliament, will probably approve the decision by the end of March, the law will then enter into force. With this resolution, the parliament in Berlin adopted the Directive 2014/95 /EU (European CSR Directive) into national law.

Capital-market oriented companies, credit institutions and insurances with a company size of 500 employees must now report on their achievements in the areas of environment, society, employees, human rights and the fight against corruption. Companies can decide which reporting standard they want to choose from “national, European or international frameworks”.

As one possible standard, the EU Commission has named the German Sustainability Code (DNK). Developed by the German Council for Sustainable Development, the DNK allows medium-sized companies to enter the non-financial reporting. Focussing on materiality and transparency, it highlights the sustainability performance within the core business, makes sustainable date better comparable and therefore allows for an efficient assessment of the company’s performance. The DNK can be used by companies of all sizes and legal structures.

For companies facing new challenges in reporting, sustainable supply chains and controlling, ForestFinest and CO2OL provide a range of services to get started with sustainable corporate actions and implement sustainable management systems. If you wish more information, please call us at +49 228 9691190 or write an e-mail to

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