Survey Reveals Companies’ Assessment of Disclosure Requirements in Germany

Almost a third of the companies surveyed by the German Business Panel in July demand fewer disclosure requirements. These include mainly small companies that have fewer resources and specialist staff. Larger companies often even benefit from more transparency. They use the disclosure of competitors as a source of information and rate the applicable disclosure requirements much more positively.

Not only large corporations, but also small and medium-sized companies have to disclose extensive company data in Germany. Disclosure requirements are important. This is how the public can find out about the economic situation and performance of a company. This serves to protect business partners and ensures the functionality of the market. At the same time, the disclosure of operational data is associated with costs for companies. With the new guidelines for sustainability reporting (CSRD), further reporting obligations will be added from 2024 – and with them higher costs. The German Business Panel (GBP) has now taken this as an opportunity to examine how companies in Germany assess the disclosure requirements that are already in place. Because: “Successful regulation must find the right balance and should not overwhelm companies,” says project manager Prof. Dr. Jannis Bishop.

To the press release