Sustainability-Reporting under the CSRD: Standard Setting and its Conformity with EU Law

The procedure for setting sustainability reporting standards is de facto a privatisation of EU sovereignty which is not covered by the EU treaties. This is the conclusion of an expert opinion by Martin Nettesheim, Professor of Constitutional, Administrative, European and International Law at the University of Tübingen. Nettesheim points out that in the process, provisions of Germany’s Basic Law would also be violated.