Germany: Audit

The European Union's Omnibus package has raised expectations that sustainability reporting will become simpler, yet companies are discovering that the real challenges lie not in regulatory requirements themselves, but in operational implementation. From data availability issues in EU Taxonomy assessments to structural complexities in multi-business corporate groups, organizations face significant hurdles in establishing effective non-financial reporting processes.

In order to ensure a high level of data protection within the EU, the GDPR provides for strict compliance responsibility on the part of companies processing personal data.