Sustainability update: Haufe Esrs Summit in Eschborn is imminent!

Sustainability update: Haufe Esrs Summit in Eschborn is imminent!

In the dynamic world of corporate reporting, the Haufe Esrs Summit is just around the corner. On October 7 and 8, 2025, an event will take place in Eschborn near Frankfurt am Main, which is devoted to the update for sustainability reporting and the current regulator. The event aims to set up companies in a future -proof manner regardless of the formal requirements. Under the motto "Opportunities with and beyond reporting", a wide range of topics that are relevant for companies is to be examined. Early-bird tickets are available until June 30, 2025, which offers a golden opportunity for interested parties to secure yourself in time, so Https://www.haufe.de/controlling/dollungsgung/haufe-esrs-summit_110_654038.html).

The need for transparent and responsible reporting grows steadily, not only in Germany, but throughout Europe. With the new EU directive on corporate sustainability reporting (CSRD), which came into force on January 5, 2023, the importance of CSR reporting rises to a new level. According to the requirements of this guideline, large companies will have to start with the new reporting obligations from January 2024. The estimate assumes that the number of companies subject to reports could increase drastically from 11,600 to a whopping 49,000 companies, such as [CSR in Germany.

A promising concept that is introduced with the CSRD is the double essence. This says that companies not only have to report their effects on people and the environment, but also how these aspects influence their business activities. In addition, sustainability reporting will be part of the management report and an external examination in the future, which should ensure more transparency and trust.

new standards and challenges

Lately there have been numerous developments in sustainability reporting. Efrag has already published drafts by guidelines for the materiality analysis. These guidelines are intended to help companies provide relevant data that are important for their stakeholders. PWC has already given statements on these designs and indicates pandemic-neutral incompleteness that must be clarified. The final guidelines are expected to be presented before the summer of 2024, which should prepare the companies for the upcoming requirements, such as the [PWC] (https://blogs.pwc.de/de/Accounting-and-rorting/article/24222/aktuelle-dwickungen-zur-neue-Standards-Zur- Sustainability Reporting-IS-Zu-Den-esef-and-and-Mehr/) reports.

With the mandatory machine -readable award of sustainability reports (tagging), a new technological era is initiated. EFRAG has already provided designs of XBRL taxonomies for consultation to help companies meet the requirements of the CSRD. The new SEC rules for the disclosure of climate-drawn risks are also a challenge for many companies, since this will require additional information on risk management and the financial effects of natural events.

The Haufe Esrs Summit not only offers a valuable platform for information intake, but also the opportunity to exchange ideas with experts about the common challenges and opportunities in sustainability reporting. Participation is a sensible investment in your own future for companies.