European Directive and German Resolutions

Dresden. The sustainability reports of large hotel groups as they are published today will in future no longer be sufficient. They are too imprecise. The EU Commission has now intervened in a significant move: In July, it resolved to implement the new Corporate Sustainability Reporting Directive. In the industry, it means that significantly more companies will be required to report - starting as early as 2024. Standards are becoming much tougher, external audits mandatory. Professor Dr Hannes Antonschmidt from the SRH Dresden School of Management describes the changes.