---
_id: '65861'
abstract:
- lang: eng
  text: The study examines whether the announcement and passing of the Corporate Sustainability
    Reporting Directive (CSRD) impacts the sustainability reporting of German firms.
    It sheds light on the interdependence of various actors, sectors and policy levels
    by examining how regulatory changes at the policy level affect the reporting practices
    of firms across multiple sectors. On the one hand, the scope of the CSRD is being
    extended, so that new firms falling within its scope may increase their voluntary
    sustainability reporting as part of the preparation process. On the other hand,
    the reporting requirements will be more stringent, so that firms currently under
    the mandate of the Non-Financial Reporting Directive (NFRD) may enhance their
    sustainability reporting disclosure practices in preparation for the CSRD. First,
    we find no increase in voluntary sustainability reporting by firms that are not
    under the scope of the NFRD but will be under the scope of the CSRD. Second, we
    find enhanced sustainability reporting practices by firms that are subject to
    the NFRD after the CSRD’s announcement and passing. This finding suggests that
    these firms begin to implement the new reporting requirements before the first
    reports are published in 2025. We illuminate the preparation for extensive reporting
    changes through sustainability reporting disclosure practices as an outcome of
    the preparation process. These changes may represent a high burden, particularly
    for firms with no previous experience of sustainability reporting.
article_number: '5'
author:
- first_name: Urska
  full_name: Kosi, Urska
  last_name: Kosi
- first_name: Paula
  full_name: Relard, Paula
  last_name: Relard
citation:
  ama: Kosi U, Relard P. Are firms (getting) ready for the corporate sustainability
    reporting directive? <i>Sustainability Nexus Forum</i>. 2024;32(1). doi:<a href="https://doi.org/10.1007/s00550-024-00541-1">10.1007/s00550-024-00541-1</a>
  apa: Kosi, U., &#38; Relard, P. (2024). Are firms (getting) ready for the corporate
    sustainability reporting directive? <i>Sustainability Nexus Forum</i>, <i>32</i>(1),
    Article 5. <a href="https://doi.org/10.1007/s00550-024-00541-1">https://doi.org/10.1007/s00550-024-00541-1</a>
  bibtex: '@article{Kosi_Relard_2024, title={Are firms (getting) ready for the corporate
    sustainability reporting directive?}, volume={32}, DOI={<a href="https://doi.org/10.1007/s00550-024-00541-1">10.1007/s00550-024-00541-1</a>},
    number={15}, journal={Sustainability Nexus Forum}, publisher={Springer Science
    and Business Media LLC}, author={Kosi, Urska and Relard, Paula}, year={2024} }'
  chicago: Kosi, Urska, and Paula Relard. “Are Firms (Getting) Ready for the Corporate
    Sustainability Reporting Directive?” <i>Sustainability Nexus Forum</i> 32, no.
    1 (2024). <a href="https://doi.org/10.1007/s00550-024-00541-1">https://doi.org/10.1007/s00550-024-00541-1</a>.
  ieee: 'U. Kosi and P. Relard, “Are firms (getting) ready for the corporate sustainability
    reporting directive?,” <i>Sustainability Nexus Forum</i>, vol. 32, no. 1, Art.
    no. 5, 2024, doi: <a href="https://doi.org/10.1007/s00550-024-00541-1">10.1007/s00550-024-00541-1</a>.'
  mla: Kosi, Urska, and Paula Relard. “Are Firms (Getting) Ready for the Corporate
    Sustainability Reporting Directive?” <i>Sustainability Nexus Forum</i>, vol. 32,
    no. 1, 5, Springer Science and Business Media LLC, 2024, doi:<a href="https://doi.org/10.1007/s00550-024-00541-1">10.1007/s00550-024-00541-1</a>.
  short: U. Kosi, P. Relard, Sustainability Nexus Forum 32 (2024).
date_created: 2026-06-15T08:12:38Z
date_updated: 2026-06-22T11:38:34Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.1007/s00550-024-00541-1
intvolume: '        32'
issue: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: https://doi.org/10.1007/s00550-024-00541-1
oa: '1'
publication: Sustainability Nexus Forum
publication_identifier:
  issn:
  - 2948-1627
publication_status: published
publisher: Springer Science and Business Media LLC
status: public
title: Are firms (getting) ready for the corporate sustainability reporting directive?
type: journal_article
user_id: '54068'
volume: 32
year: '2024'
...