From 2017 on, certain capital market-oriented companies will have to prepare a sustainability report. These reporting requirements will also have a ripple effect on considerably smaller medium-sized enterprises. Companies that are directly affected by the CSR reporting requirements also have to report on the situation of their suppliers in respect of sustainability. In practice, this will probably mean that, in the future, small and medium-sized enterprises that have been integrated into the supply chains of large companies will also be confronted with CSR demands without actually themselves being subject to CSR reporting requirements.
Read more in PKF newsletter 08/2017.