In 2020, we started to document our sustainability goals and measures systematically. Since 2021, the Coroplast Group has voluntarily reported in accordance with the criteria of the German Sustainability Code (DNK). This marked an important step towards greater transparency and traceability in our sustainability strategy.
According to the Corporate Sustainability Reporting Directive (CSRD), mandatory sustainability reporting based on the European Sustainability Reporting Standards (ESRS) was planned to begin in 2025. For small and medium-sized enterprises, the Voluntary Sustainability Reporting Standard for Small and Medium Enterprises (VSME) was additionally developed.
With the “Omnibus Package,” the EU Commission now aims to simplify complex reporting obligations and ease the burden on companies. In addition, the “Stop-the-Clock” decision delays the implementation of CSRD reporting. For us, this means: The Coroplast Group will now be required to report starting in fiscal year 2027: two years later than originally planned.
As a medium-sized company with clear sustainability ambitions, we have decided to report according to the VSME Standard starting in the fiscal year 2025. This will enable us to make meaningful use of the efforts already undertaken in preparation for the CSRD, further advance our reporting beyond the DNK, and remain well-positioned to respond flexibly to upcoming changes to the ESRS and implement them promptly. We are pursuing our goal of transparent and comprehensible sustainability reporting that is aligned with European requirements.