Business ethics will be indispensable in the future
Ethical corporate governance plays an important role with regard to the Corporate Sustainability Reporting Directive. The CSRD introduces new obligations for sustainability reporting across the ESG areas of the environment, social and governance. The EU Commission published the final version of the legislation in December 2022 and now member states have to transpose it into national law. The new obligations will then apply form the start of the financial year on 01 January 2024 or at a later point. Those who have put ethical corporate governance into practice will be able to comply with the CSRD more easily.