What is CSR?

main objectives
- spreading the sustainability requirements outside of EU borders
  - complete supply chain
- steering investments towards environmental objectives
- gathering information to base further directives / incentives upon

Which firms CSRD?

“large” … more like middle sized (25 mil assets, 50 mil revenue, 250+ employees)
uniform EU standards
duties:
- i guess revenues, CAPEX, OPEX
- i guess machine readable format

Double Materiality involves externalities (effected and effecting)
- effected … by which external costs due to climate change am I infected
  - e.g. farmers don’t have as much access to water → watering costs rise considerably, maybe beyond earnings making farming unviable
- effecting … assessing which external costs are caused due to own actions
  - e.g. production produces a lot of e-waste which is offshored to 3rd world countries by waste handling company
implication
- taking a look at complete supply chain, exposing hidden externalities
- making the previously only estimated concrete

mandatory limited assurance for now → Limited
- check for completeness
- not for correctness
mandatory reasonable assurance eventually → Reasonable
- also check for correctness

1, 3 3 not sure

2 1 … creditors are not included 3 … board of directors = executive leadership

4 1 just false, 2 is false too ⇒ aim is to provide better corp gov, 3 not different shareholders

1, 4 3 false; just size, 4 is true; looked at slides, 2 isn’t every activity related to climate change?