The EU Taxonomy Regulation came into effect on 1 January 2022. Companies can now use the Sustainability Code to prepare reports that are also in compliance with the EU Taxonomy Regulation. As such, the Sustainability Code is one of the first reporting standards in Germany to integrate the Taxonomy Regulation.
The database is our centrepiece: it contains all DNK declarations published to date by over 750 organisations.
The Sustainability Code provides a framework for reporting on non-financial performance that can be used free of charge by organisations and companies of all sizes and legal forms.
Would you also like to issue a declaration of conformity? Find out how it works!
The Sustainability Code provides support with establishing a sustainable development strategy and offers a way in to sustainability reporting. Regular reporting makes the development of the company visible over time. To comply with the Sustainability Code, users create an declaration on the twenty Code criteria and supplementary non-financial performance indicators in the database.
You can access all Code criteria as well as information on application and testing here.
"The Sustainability Code allows companies to demonstrate to investors and consumers their commitment to sustainability in a way that is transparent, comparable and thus clear. I believe that this concept is compelling, because the Code has also attracted great interest in Europe, beyond the borders of Germany. If we lead by example, this would be one way of strengthening the European dimension."
"With the Paris Climate Agreement, the SDGs of the United Nations, the TCFD recommendations of the Financial Stability Board and finally the EU Action Plan, the issue of sustainability has gained a great deal of momentum. Transparency and reporting are core elements in this context. The Sustainability Code summarizes essential aspects of sustainability in a systematic and yet compact form. This helps investors to use them efficiently for the risk management of their investments."
"The European reporting requirement on non-financial performance offers a major opportunity for companies to move to integrated reporting. That is why coherence and connectability of standards for reporting on non-financial performance are central milestones, in order to give companies the security to act. I value the International Integrated Reporting Council's collaboration with the Sustainability Code as a reporting framework covering the relevant thematic areas in a marketable manner, giving companies a sound basis towards good and integrated reporting."
"For companies of all legal forms, the Sustainability Code is an instrument that permits transparency about sustainability and thus quality comparisons. By setting appropriate framework conditions, the Code clearly shows positive effects on the capital market and for all stakeholders."
"When we published the Greek Sustainability Code in early 2016, we were very interested to see what the response would be in Greece – we are delighted with the attention the issue has gathered as well as the intensive discussions that have been triggered within Greek businesses, professional associations, banks and indeed the Athens stock exchange. In the final analysis, it is not reporting that is in the spotlight, but the question of the economic viability of Greek businesses which is inextricably connected with the question of national sustainability issues."
Events by Sustainability Code Office and other upcoming dates can be found here.
You can download Council publications as PDF files and order certain brochures as hard copies free of charge.
Here you will find the latest news and archived newsletters on the German Sustainability Code.
The German Council for Sustainable Development (RNE) is an advisory body with a mandate from the German federal government. Chancellor Angela Merkel appointed 15 public figures to the Council for a three-year period with effect from 1 November 2016.
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