After missing the 6 July 2024 deadline for transposing CSRD, and seeing its original draft implementation bill lapsed in accordance with the principle of discontinuity as the governing coalition broke up, Germany has reintroduced a draft bill to transpose the Directive.
It is understood the new German government wants to transpose CSRD and related laws as soon as possible without gold plating, meaning adding to or modifying the CSRD's requirements when transposing it into national legislation.
Germany is looking to transpose in one go both the CSRD text and the 'Stop-the-Clock Directive' passed at EU level in April, which delays reporting obligations by two years for wave 2 and 3 companies, and must be transposed by member states by December this year.
The cover notes of the draft bill support the Commission's effort to simplify the CSRD via the Omnibus Directive but highlight that at this time modifications on the substance still need to be agreed and can't therefore be included in the transposition.
"However, further delay until the final EU decision on the Substance Proposal is not an option, given the long-expired directive implementation deadline and the clear obligation to implement under EU law," it said.
Draft bill available here (in German)