On 10.5.23 the kick-off event for the program "Switching to sustainability - CSRD Support 2023/24" took place. This is intended to support Stuttgart companies in their entry into the new EU sustainability reporting. The program is being implemented by the city's Economic Development Department together with the Stuttgart Region Chamber of Industry and Commerce and the Stuttgart Region Economic Development Corporation.

The Corporate Sustainability Reporting Directive (CSRD) significantly expands existing rules on non-financial reporting. All companies listed on an EU-regulated market (with the exception of micro-enterprises) are covered by the new reporting obligation. In addition, all non-capital-market-oriented companies are covered by the CSRD if they meet two of the following three criteria: Balance sheet total > 20 million euros; net sales > 40 million euros; number of employees > 250.

It is estimated that this would affect around 50,000 companies in the EU, 15,000 of which are in Germany alone.

Would you like to promote sustainability in your company in a future-oriented way? Here you will find all the offers of the funding program, information on the dates and registration: www.stuttgart.de/wirtschaft/wirtschaftsfoerderung/foerderprogramm-csrd-support-fuer-unternehmen/