The "S" in ESG

At the beginning of 2024 ESG became an extremely hot topic. The reason is very specific. Although entities which will be subject to the non-financial corporate reporting obligation in the first place will have to publish their first report in 2025, they have to gather, analyse and prepare data necessary to prepare their reports already from 1 January 2024. However, it is also in the interest of entities which will be subject to the obligation in 2026 or even those not directly falling under the requirements to start preparations right now. The “S” in ESG will also be increasingly demanding attention against this background.