Transposition of EU NFR Directive: CSR Directive Implementation Act

The draft emphasizes the need for companies to be evaluated on more than just financial information, making information on social issues, environmental issues and respect human rights, mandatory for establishing communication channels with its internal and external stakeholders.

Issuer name

Ministry of Justice and Consumer Affairs (BMJV)

More information

Draft legislation has been made public by BMJV in September 2016, it was planned to be presented to parliament before the end of 2017 but formally passing it has been put on hold due to dispute between Union and the SPD on the Insolvency Reform . Global Compact DE posted on January 23rd that the draft was still not transposed. Will be presented for 3rd reading on 09/03/2017 Updated 2/27/2017

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

Capital market oriented companies 500 +employees

Industry scope

All/none specified

Disclosure venue

annual report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

All

ESG coverage- Eco (Economic & General)

All

Status

Current

Country

Germany

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument