Nachhaltigkeitsberichterstattung im Licht des Europäischen Primärrechts

Who decides what we learn about the sustainability of companies? With the Corporate Sustainability Reporting Directive (CSRD) adopted at the end of 2022, the EU obliges the majority of European companies to publish a sustainability report in accordance with European standards, the European Sustainability Reporting Standards (ESRS). The ESRS are intended to form the informational foundation for green investments and transformation in Europe. However, their development by the private expert group EFRAG and their adoption by the European Commission raise questions of legitimacy. The study provides deep insights into the heart of sustainability reporting, which is of central importance for the green transformation.