{"id":4031,"date":"2024-05-15T13:19:10","date_gmt":"2024-05-15T13:19:10","guid":{"rendered":"https:\/\/verso.de\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/"},"modified":"2026-02-24T15:21:26","modified_gmt":"2026-02-24T15:21:26","slug":"the-cost-of-mistakes-in-reporting-and-implementing-sustainability","status":"publish","type":"post","link":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/","title":{"rendered":"The cost of mistakes in reporting and implementing sustainability"},"content":{"rendered":"\t<section class=\"snk-articleStage snk-section snk-bg_3\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"row\">\n\n\t\t\t\t<div class=\"col-12 col-md-6 snk-articleStage-imgCol\">\n\t\t\t\t\t<div class=\"snk-articleStage-image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"1500\" height=\"1200\" src=\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\" class=\"attachment-4031 size-4031 wp-post-image\" alt=\"\u00c4ltere Frau arbeitet am Laptop und guckt sehr konzentriert\" srcset=\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp 1500w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1-300x240.webp 300w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1-1024x819.webp 1024w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1-768x614.webp 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\"col-12 col-md-6 snk-articleStage-contentCol\">\n\t\t\t\t\t<div class=\"snk-articleStage-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"snk-articleStage-date\">15.05.2024<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t<h1 class=\"snk-h2\">Sanctions at a glance: The cost of mistakes in reporting and implementing sustainability<\/h1>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>\n\t\t\t\t\t\t\t\tA slap on the wrist and, if it becomes public, a brief outcry from the public: until a few years ago, companies didn&#8217;t have to worry too much if they put sustainability on the back burner or engaged in greenwashing.\nThis is now a thing of the past.\nRead here about the consequences if the new requirements are not implemented correctly &#8211; and get tips on how to do it right!  \t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p>Some simply lack an overview of their own data. Others are overwhelmed by the numerous requirements of the new ESG regulations. Still others underestimate the effort involved and start far too late. And then, of course, there are companies that try to cover up their lack of commitment to sustainability with falsified information. The possible reasons for inadequate implementation of the new regulations in sustainability, climate and supply chain management are as varied as the people who implement them for their companies.<\/p>\n<p>Until a few years ago, there were hardly any consequences. There might have been a shitstorm and a few calls for a boycott, but over time &#8211; or a lot of PR work &#8211; these soon petered out. However, with the introduction of the new regulations and guidelines for sustainable business practices, which are being rolled out across Europe as part of the Green Deal, this is now a thing of the past. Errors and misrepresentations can be expensive. How expensive exactly? We have summarized this for you in this article &#8211; including recommended reading to help you get it right!<\/p>\n<div class=\"c-message_kit__blocks c-message_kit__blocks--rich_text\">\n<div class=\"c-message__message_blocks c-message__message_blocks--rich_text\" data-qa=\"message-text\">\n<div class=\"p-block_kit_renderer\" data-qa=\"block-kit-renderer\">\n<div class=\"p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first\">\n<div class=\"p-rich_text_block\" dir=\"auto\">\n<div class=\"p-rich_text_section\"><strong><em>This information is editorial content that should not be construed as legal advice. VERSO accepts no liability. <\/em><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"c-message_kit__reaction_bar c-reaction_bar c-reaction_bar--collapsed\" role=\"group\" data-qa=\"reaction_bar\" aria-label=\"Reaktionen\" data-stringify-ignore=\"true\"><\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\n\t<section class=\"snk-section snk-section_slim\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"snk-banner\">\n\t\t\t\t<div class=\"snk-banner-text\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"snk-h3\">Stress-free CSRD compliance<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<p>Make CSRD as easy as possible: Our new CSRD Suite provides tools and support for every stage of CSRD compliance.<\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<div class=\"snk-buttons snk-buttons_noGap\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"snk-btn-primary\" href=\"https:\/\/verso.de\/en\/csrd-reporting-obligation\/\"  target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span>Get to know the CSRD Suite<\/span><\/a>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">Sanctions for EU taxonomy, CSRD and SFDR<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p>As far as uniform sanctions are concerned, the trio is unfortunately still rather incomplete. This is because the three directives have yet to be transposed into national law. Each EU member state must independently determine the extent to which it wishes to sanction errors in financial and non-financial reporting. In line with the CSR-RUG &#8211; the predecessor of the CSRD &#8211; errors in reporting in accordance with the CSRD, SFDR and EU taxonomy will <i>presumably<\/i> also be penalized in accordance with<a href=\"https:\/\/www.gesetze-im-internet.de\/hgb\/__331.html\" target=\"_blank\" rel=\"noopener\"> \u00a7331<\/a> and<a href=\"https:\/\/www.gesetze-im-internet.de\/hgb\/__334.html\" target=\"_blank\" rel=\"noopener\"> \u00a7334 HGB<\/a>. In figures, this means<\/p>\n<ul>\n<li aria-level=\"1\"><b>Prison sentences<\/b> of up to 3 years<\/li>\n<li aria-level=\"1\"><b>For members of authorized representative bodies or supervisory boards of a corporation:<\/b> prison sentences of up to 3 years; companies face fines of up to 2 million euros or twice the economic benefit they have derived from the incorrect report &#8211; whichever is higher.<\/li>\n<li aria-level=\"1\"><b>For capital market-oriented companies:<\/b> Fines of up to 10 million euros, 5 percent of annual turnover or twice the economic benefit &#8211; the highest amount is also chosen here.<\/li>\n<\/ul>\n<p>On top of this &#8211; as the fermented icing on the cake, so to speak &#8211; there may also be legal action for breach of competition law, exclusion from public procurement procedures and &#8220;naming and shaming&#8221;, i.e. publicity including loss of reputation.<\/p>\n<p>Important to know: Only intentional errors and errors due to gross negligence are punishable. Incidentally, the<a href=\"https:\/\/www.msn.com\/de-de\/finanzen\/top-stories\/csrd-umsetzung-wirtschaftspr%C3%BCfer-wollen-esg-haftung-entsch%C3%A4rfen\/ar-AA1nJ7k6\"> Auditors&#8217; Association<\/a> wants to relax the CSRD for auditors: With a cap on the amount of liability and limited liability for gross negligence. However, this demand has been heavily criticized &#8211; so there is still some way to go here. From 2025, the first court proceedings will show the exact direction of sanctions for breaches of the EU taxonomy, CSRD and SFDR.<\/p>\n<p><b>Read more:<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/the-structure-of-an-esrs-report-how-to-report-in-compliance-with-csrd\/\" target=\"_blank\" rel=\"noopener\">How to report in compliance with CSRD<\/a><\/li>\n<li><a href=\"https:\/\/content.verso.de\/csr-berichtspflicht-factsheet\" target=\"_blank\" rel=\"noopener\">Factsheet on the CSRD<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/guide-how-do-i-develop-an-effective-sustainability-strategy-for-my-company\/\" target=\"_blank\" rel=\"noopener\">Guidelines: Developing an effective sustainability strategy<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/sustainable-finance-disclosure-regulation\/\" target=\"_blank\" rel=\"noopener\">How VERSO supports the SFDR<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/csrd-reporting-obligation\/\" target=\"_blank\" rel=\"noopener\">How VERSO makes CSRD reporting easier<\/a><\/li>\n<\/ul>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\n\t<section class=\"snk-section snk-section_slim\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"snk-banner\">\n\t\t\t\t<div class=\"snk-banner-text\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"snk-h3\">Practical guide to CSRD<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<p>Our practical guide, including a checklist, will help you prepare for CSRD reporting.<br \/>\nFind out what challenges there are and how you can overcome them.   <\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<div class=\"snk-buttons snk-buttons_noGap\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"snk-btn-primary\" href=\"https:\/\/content.verso.de\/praxisleitfaden-zur-umsetzung-der-csrd\"  target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span>Download practical guide<\/span><\/a>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">Sanctions for LkSG and CSDDD<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3><b>CSDDD<\/b><\/h3>\n<p>After a long back and forth, an agreement was reached in March 2024 on the CSDDD; the European supply chain law. Here, too, there is still some time before it is transposed into national law. However, the liability and sanction framework in the event of a breach of the due diligence obligations for people and the environment enshrined in the CSDDD is already clear. Affected companies are liable for all damages that occur along the upstream supply chain due to inadequate or missing risk prevention or remedial measures &#8211; unless these are caused by a business partner. In other words:<\/p>\n<ul>\n<li aria-level=\"1\">If your company knows about irregularities and ignores them, supervisory authorities can impose fines of up to 5%<a href=\"https:\/\/data.consilium.europa.eu\/doc\/document\/ST-6145-2024-INIT\/en\/pdf\" target=\"_blank\" rel=\"noopener\"> of global turnover<\/a>.<\/li>\n<li aria-level=\"1\">Civil liability will also be introduced.<br \/>\nThose affected can therefore assert claims against your company with the help of NGOs or trade unions, for example.<\/li>\n<li aria-level=\"1\">There is also the threat of naming and shaming and<a href=\"https:\/\/www.consilium.europa.eu\/de\/press\/press-releases\/2023\/12\/14\/corporate-sustainability-due-diligence-council-and-parliament-strike-deal-to-protect-environment-and-human-rights\/\" target=\"_blank\" rel=\"noopener\"> exclusion from public procurement<\/a>.<\/li>\n<\/ul>\n<h3><b>LkSG<\/b><\/h3>\n<p>In contrast to the CSDDD, there is no civil liability under the German Supply Chain Act. However, there are expensive fines if the legal obligations are not complied with. Under the LKSG, these include environmental and human rights due diligence obligations towards indirect suppliers and, if known, also towards direct suppliers. Under the LkSG, risks must also be identified, documented and then eliminated or at least minimized. Otherwise there is a risk of<a href=\"https:\/\/www.csr-in-deutschland.de\/DE\/Wirtschaft-Menschenrechte\/Gesetz-ueber-die-unternehmerischen-Sorgfaltspflichten-in-Lieferketten\/gesetz-ueber-die-unternehmerischen-sorgfaltspflichten-in-lieferketten.html\" target=\"_blank\" rel=\"noopener\"> fines<\/a> of up to 8 million euros. For companies with an annual turnover of more than 400 million euros, the fine increases to up to 2% of global annual turnover. And: companies can be excluded from public procurement.<\/p>\n<p><b>Read more:<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/content.verso.de\/factsheet-csddd\" target=\"_blank\" rel=\"noopener\">Factsheet: CSDDD vs. LkSG<\/a><\/li>\n<li><a href=\"https:\/\/content.verso.de\/whitepaper-risikomanagement-lieferkette\" target=\"_blank\" rel=\"noopener\">Factsheet: Risk management in the supply chain<\/a><\/li>\n<li><a href=\"https:\/\/content.verso.de\/praxisleitfaden-lksg-compliance\" target=\"_blank\" rel=\"noopener\">Practical guide: LkSG compliance<\/a><\/li>\n<li><a href=\"https:\/\/content.verso.de\/checkliste-esg-anforderungen\" target=\"_blank\" rel=\"noopener\">Checklist: ESG requirements for procurement<\/a><\/li>\n<li><span style=\"font-size: var(--snk-fs-body);\">How VERSO supports you with the implementation of<\/span><a style=\"font-size: var(--snk-fs-body);\" href=\"https:\/\/verso.de\/en\/csddd-eu-supply-chain-law\/\" target=\"_blank\" rel=\"noopener\"> CSDDD<\/a><span style=\"font-size: var(--snk-fs-body);\"> and<\/span><a style=\"font-size: var(--snk-fs-body);\" href=\"https:\/\/verso.de\/en\/supply-chain-act\/\" target=\"_blank\" rel=\"noopener\"> LkSG<\/a><\/li>\n<\/ul>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">EU ETS and CBAM sanctions<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3><b>EU ETS<\/b><\/h3>\n<p>With the EU Emissions Trading System (EU ETS), the EU aims to cap the emissions of the member states. Companies only have a certain amount of freedom to emit emissions &#8211; otherwise certificates must be purchased. Non-compliance could result in<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/DE\/TXT\/PDF\/?uri=CELEX:32003L0087\" target=\"_blank\" rel=\"noopener\"> fines<\/a>:<\/p>\n<ul>\n<li aria-level=\"1\">100 euros per metric ton of CO2 equivalents emitted without a certificate<\/li>\n<\/ul>\n<p>In order to avoid certificate prices on the one hand and sanctions on the other, some companies relocated their production to non-EU countries (&#8220;carbon leakage&#8221;). The CBAM was therefore also introduced as part of the EU ETS reform.<\/p>\n<h3><b>CBAM<\/b><\/h3>\n<p>Since January 2024, the CBAM reporting obligation has applied to all companies that import certain emission-intensive goods from non-EU countries. The so-called &#8220;climate tariff&#8221; supplements the EU ETS &#8211; and entails a whole range of possible sanctions:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Transitional phase:<\/b> If the CBAM report is incomplete, contains incorrect information or is not submitted at all, or is not corrected after being requested to do so, a penalty of 10 to 50 euros per ton of unreported emissions will be imposed.<\/li>\n<li aria-level=\"1\"><b>Implementation phase:<\/b> In accordance with the EU ETS, fines of EUR 100 per tonne of CO2 equivalent are imposed for missing certificates.<\/li>\n<li aria-level=\"1\">Anyone importing CBAM goods without the status of authorized user must expect<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/DE\/TXT\/PDF\/?uri=CELEX:32023R0956\" target=\"_blank\" rel=\"noopener\"> even higher penalties<\/a>.<\/li>\n<li aria-level=\"1\">In addition to the financial sanctions, it is also possible that the &#8220;Authorized Declarant&#8221; status will be withdrawn &#8211; the company concerned would then no longer be allowed to import CBAM goods from 2026.<\/li>\n<\/ul>\n<p>Good to know: As a CBAM applicant, you will have noticed that there was a delay in activating the registration options. As a result, the first CBAM reports could not be submitted on time. According to the<a href=\"https:\/\/www.dehst.de\/DE\/CBAM\/CBAM-teilnehmen\/cbam-teilnehmen_node.html\" target=\"_blank\" rel=\"noopener\"> Federal Environment Agency<\/a>, however, this delay will not be penalized.<\/p>\n<p><b>Read more:<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/fit-for-cbam-background-key-data-and-requirements\/\" target=\"_blank\" rel=\"noopener\">Fit for CBAM: background, key data and requirements<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/decarbonizing-the-supply-chain-how-companies-achieve-their-climate-targets-along-the-supply-chain\/\" target=\"_blank\" rel=\"noopener\">Decarbonizing the supply chain: How companies achieve their climate targets along the supply chain<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/cbam\/\" target=\"_blank\" rel=\"noopener\">How VERSO supports you in implementing the CBAM<\/a><\/li>\n<\/ul>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\n\t<section class=\"snk-section snk-section_slim\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"snk-banner\">\n\t\t\t\t<div class=\"snk-banner-text\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"snk-h3\">Is your purchasing department ready for the ESG requirements?<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<p>Companies are now affected by a large number of sustainability requirements &#8211; and purchasing is no exception. Use our checklist to find out whether your purchasing organization is optimally prepared for ESG requirements. <\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<div class=\"snk-buttons snk-buttons_noGap\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"snk-btn-primary\" href=\"https:\/\/content.verso.de\/checkliste-esg-anforderungen\"  target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span>Download checklist<\/span><\/a>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">Sanctions with the EUDR<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p>Supply chain officers and buyers must prepare themselves for even more sanctions. If you place products on the EU internal market that have been produced without deforestation, you could face the following penalties<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/DE\/TXT\/PDF\/?uri=CELEX:32023R1115\" target=\"_blank\" rel=\"noopener\"> under the directive<\/a>:<\/p>\n<ul>\n<li aria-level=\"1\">Skimming off profits unlawfully made as a result of non-compliance with the EUDR<\/li>\n<li aria-level=\"1\">Fines in proportion to forest damage and value of goods, but at least 4 % of annual turnover<\/li>\n<li aria-level=\"1\">Seizure of goods or products<\/li>\n<li aria-level=\"1\">Temporary import bans<\/li>\n<li aria-level=\"1\">Exclusion from public funds and public tenders<\/li>\n<li aria-level=\"1\">Inclusion in a public list incl.<br \/>\nInformation on the violation<\/li>\n<\/ul>\n<p><strong>Also important:<\/strong> If you do not have the relevant geo-information and proof of origin for your goods, you will no longer be allowed to import them into the EU once the EUDR comes into force. Keep this in mind now if you are ordering goods that you want to import into the EU single market from 2026.<\/p>\n<p><b>Read more:<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/eudr-at-a-glance\/\" target=\"_blank\" rel=\"noopener\">What companies can expect with the EUDR<\/a><\/li>\n<\/ul>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\t<section class=\"snk-section snk-section_noBtn\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">Sanctions under the Green Claims Directive<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p>There is already a whole range of regulations on environmental claims and environmental labeling systems on the market. The Green Claims Directive will be added shortly. It is specifically aimed at advertising claims that make a product or company appear more sustainable than it actually is. False green claims are<a target=\"\" rel=\"\"> punished as follows<\/a>:<\/p>\n<ul>\n<li aria-level=\"1\">Fines of at least 4% of the annual turnover<\/li>\n<li aria-level=\"1\">Exclusion from public procurement<\/li>\n<li aria-level=\"1\">Recovery of the revenue that your company has generated through the false statements.<\/li>\n<\/ul>\n<p><b>Read more:<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/green-claims-directive-eu-takes-action-against-greenwashing\/\" target=\"_blank\" rel=\"noopener\">Green Claims Directive: EU takes action against greenwashing<\/a><\/li>\n<li><a href=\"https:\/\/verso.de\/en\/blog\/the-five-biggest-greenwashing-traps-and-how-to-avoid-them\/\" target=\"_blank\" rel=\"noopener\">The five biggest greenwashing traps and how to avoid them<\/a><\/li>\n<\/ul>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\t<section class=\"snk-section\">\n\t\t<div class=\"container\">\t\n\t\t\t\n\t\t\t<div class=\"snk-textBlock\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"snk-section-headline\">Save money and nerves with VERSO<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p>To ensure that companies do not approach the sustainable transformation too carelessly, the EU provides for &#8220;effective, proportionate and dissuasive&#8221; measures in any case.<\/p>\n<p>In view of the possible sanctions, we are happy to believe this &#8211; and help you to correctly implement the guidelines and regulations that apply to you. Not only our top software, but also our experienced consultants and our specialized partners are at your side. Feel free to get in touch with us!<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"snk-buttons snk-buttons_noGap\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"snk-btn-secondary\" href=\"https:\/\/verso.de\/kontakt\/\"  target=\"_self\">\n\t\t\t\t\t\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M17.3423 12.5673H5.0673C4.90208 12.5673 4.76623 12.5141 4.65975 12.4076C4.55325 12.301 4.5 12.1651 4.5 11.9999C4.5 11.8346 4.55325 11.6988 4.65975 11.5924C4.76623 11.486 4.90208 11.4327 5.0673 11.4327H17.3423L11.6 5.70004C11.4949 5.58734 11.4391 5.45533 11.4327 5.30399C11.4263 5.15266 11.482 5.01941 11.6 4.90425C11.7179 4.78351 11.8513 4.72314 12 4.72314C12.1487 4.72314 12.282 4.78212 12.4 4.90007L18.9963 11.4964C19.0718 11.5719 19.1278 11.6502 19.1644 11.7311C19.2009 11.8121 19.2192 11.9022 19.2192 12.0013C19.2192 12.1005 19.2009 12.1901 19.1644 12.2702C19.1278 12.3504 19.0718 12.4282 18.9963 12.5037L12.4 19.1C12.2884 19.2116 12.1573 19.2689 12.0067 19.2721C11.8561 19.2753 11.7205 19.218 11.6 19.1C11.482 18.9795 11.4231 18.8455 11.4231 18.6981C11.4231 18.5507 11.482 18.4212 11.6 18.3096L17.3423 12.5673Z\" \/><\/svg>\n\t\t\t\t\t\t\t<span>Get in touch now!<\/span><\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n\t<section >\n\t\t<div class=\"container\">\n\n\t\t\t\t\t\t<div class=\"snk-section snk-section_noBtn\">\n\t\t\t\t<div class=\"row snk-section-headline\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-12 col-md\">\n\t\t\t\t\t\t\t<h2>This might also interest you:<\/h2>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"snk-section\">\n\t\t\t\t\t<div class=\"snk-highlightTeasers\">\n\t\t\t\t\t\n\t\t\t\t\t\t<a href=\"https:\/\/verso.de\/en\/blog\/esg-regulations-oblige-executives-what-management-boards-supervisory-boards-and-management-should-do-now\/\" class=\"snk-teaser snk-teaser_highlight\">\n\t\t\t\t\t\t\t<div class=\"snk-teaser-image\"><img decoding=\"async\" width=\"1500\" height=\"1200\" src=\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Vorstaende-ESG-Pflicht.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ESG-Ziele m\u00fcssen auch von F\u00fchrungs- und Kontrollorganen (Unernehmensf\u00fchrung, Vorstand, Aufsichtsrat) mitgetragen und erf\u00fcllt werden. Sonst drohen durch CSRD, LkSG, CSDDD und Co. empfindliche Strafen.\" srcset=\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Vorstaende-ESG-Pflicht.webp 1500w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Vorstaende-ESG-Pflicht-300x240.webp 300w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Vorstaende-ESG-Pflicht-1024x819.webp 1024w, https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Vorstaende-ESG-Pflicht-768x614.webp 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div>\n\t\t\t\t\t\t\t<div class=\"snk-teaser-content snk-bg_2\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"snk-teaser-date\">08.05.2024<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"snk-teaser-headline\">ESG regulations oblige executives: What management boards, supervisory boards and management should do now<\/h4>\n\n\t\t\t\t\t\t\t\t<div class=\"snk-btn-link\"><span><\/span>\n\t\t\t\t\t\t\t\t\tRead article\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\n\t\t\t\t\t\t<a href=\"https:\/\/verso.de\/en\/blog\/esg-in-financing-this-data-decides-on-loans\/\" class=\"snk-teaser snk-teaser_highlight\">\n\t\t\t\t\t\t\t<div class=\"snk-teaser-image\"><img decoding=\"async\" width=\"1500\" height=\"1200\" src=\"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/ESG-bei-Krediten-1.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bankgeb\u00e4ude in Frankfurt: Zuk\u00fcnftig flie\u00dft das ESG-Commitment in Kreditentscheidungen ein\" srcset=\"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/ESG-bei-Krediten-1.webp 1500w, https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/ESG-bei-Krediten-1-300x240.webp 300w, https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/ESG-bei-Krediten-1-1024x819.webp 1024w, https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/ESG-bei-Krediten-1-768x614.webp 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div>\n\t\t\t\t\t\t\t<div class=\"snk-teaser-content snk-bg_3\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"snk-teaser-date\">03.11.2023<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"snk-teaser-headline\">ESG in financing: This data decides on loans<\/h4>\n\n\t\t\t\t\t\t\t\t<div class=\"snk-btn-link\"><span><\/span>\n\t\t\t\t\t\t\t\t\tRead article\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t\n\n\n\t<section class=\"snk-section snk-formComponent snk-bg_1 snk-formComponent_regular\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-md-5\">\n\t\t\t\t\t<div class=\"snk-formComponent-text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"snk-h1\">Subscribe to our newsletter!<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Register now to arrange a free demo appointment and get to know our solutions at first hand.<\/p>\n<ul>\n<li>Pragmatic all-in-one solution for ESG reporting, climate and supply chain management<\/li>\n<li>Individual advice from the VERSO experts<\/li>\n<li>Developed with expertise from 12+ years of sustainability management<\/li>\n<li>Trusted by 250+ customers<\/li>\n<\/ul>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t<div class=\" col-md-5 offset-md-1\">\n\t\t\t\t\t<div class=\"snk-formComponent-formWrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"snk-h4 snk-formComponent-title\">Get to know the software!<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"hbspt-form js-hbspt-form\" data-formid=\"1dcf5b3a-176e-44f2-8aa7-14cfbfdb64bc\" data-region=\"na1\" data-portalid=\"6394926\"><\/div>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":3587,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[180,102],"tags":[125,116,109,126,115,105],"class_list":["post-4031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-csrd-en","category-esg-en","tag-csddd-en","tag-csrd-en","tag-esg-report","tag-greenwashing-en","tag-supply-chain-en","tag-sustainability-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sanctions for errors in ESG reporting &amp; implementation<\/title>\n<meta name=\"description\" content=\"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sanctions for errors in ESG reporting &amp; implementation\" \/>\n<meta property=\"og:description\" content=\"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\" \/>\n<meta property=\"og:site_name\" content=\"VERSO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/VersoGmbH\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-15T13:19:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-24T15:21:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Katja B\u00fcttner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The cost of mistakes in reporting and implementing sustainability\" \/>\n<meta name=\"twitter:creator\" content=\"@VersoGmbH\" \/>\n<meta name=\"twitter:site\" content=\"@VersoGmbH\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katja B\u00fcttner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\"},\"author\":{\"name\":\"Katja B\u00fcttner\",\"@id\":\"https:\/\/verso.de\/en\/#\/schema\/person\/32a7230ee87ed9ae7f13268b723ee9a5\"},\"headline\":\"The cost of mistakes in reporting and implementing sustainability\",\"datePublished\":\"2024-05-15T13:19:10+00:00\",\"dateModified\":\"2026-02-24T15:21:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\"},\"wordCount\":9,\"publisher\":{\"@id\":\"https:\/\/verso.de\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\",\"keywords\":[\"CSDDD\",\"CSRD\",\"ESG report\",\"Greenwashing\",\"Supply chain\",\"Sustainability management\"],\"articleSection\":[\"CSRD\",\"ESG\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\",\"url\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\",\"name\":\"Sanctions for errors in ESG reporting & implementation\",\"isPartOf\":{\"@id\":\"https:\/\/verso.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\",\"datePublished\":\"2024-05-15T13:19:10+00:00\",\"dateModified\":\"2026-02-24T15:21:26+00:00\",\"description\":\"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.\",\"breadcrumb\":{\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage\",\"url\":\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\",\"contentUrl\":\"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp\",\"width\":1500,\"height\":1200,\"caption\":\"\u00c4ltere Frau arbeitet am Laptop und guckt sehr konzentriert\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/verso.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The cost of mistakes in reporting and implementing sustainability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/verso.de\/en\/#website\",\"url\":\"https:\/\/verso.de\/en\/\",\"name\":\"VERSO\",\"description\":\"We guide you through Sustainability. ESG, Supply Chain &amp; Climate\",\"publisher\":{\"@id\":\"https:\/\/verso.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/verso.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/verso.de\/en\/#organization\",\"name\":\"Verso\",\"alternateName\":\"VERSO GmbH\",\"url\":\"https:\/\/verso.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/verso.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/verso-logo.svg\",\"contentUrl\":\"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/verso-logo.svg\",\"width\":172,\"height\":42,\"caption\":\"Verso\"},\"image\":{\"@id\":\"https:\/\/verso.de\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/VersoGmbH\",\"https:\/\/x.com\/VersoGmbH\",\"https:\/\/www.linkedin.com\/company\/versogmbh\/?originalSubdomain=de\",\"https:\/\/www.youtube.com\/channel\/UC5dDxYuGCX4VzklbtqLV8SQ\",\"https:\/\/www.xing.com\/pages\/versogmbh\"],\"email\":\"kontakt@verso.de\",\"telephone\":\"+49 89 520 389 84\",\"legalName\":\"VERSO GmbH\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/verso.de\/en\/#\/schema\/person\/32a7230ee87ed9ae7f13268b723ee9a5\",\"name\":\"Katja B\u00fcttner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/verso.de\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9638ffd5a68d59c10cbc8dbf8ccde9960f62e2ca4dc9bf32154214e0480e4ddb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9638ffd5a68d59c10cbc8dbf8ccde9960f62e2ca4dc9bf32154214e0480e4ddb?s=96&d=mm&r=g\",\"caption\":\"Katja B\u00fcttner\"},\"url\":\"https:\/\/verso.de\/en\/blog\/author\/katja\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sanctions for errors in ESG reporting & implementation","description":"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/","og_locale":"en_US","og_type":"article","og_title":"Sanctions for errors in ESG reporting & implementation","og_description":"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.","og_url":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/","og_site_name":"VERSO","article_publisher":"https:\/\/www.facebook.com\/VersoGmbH","article_published_time":"2024-05-15T13:19:10+00:00","article_modified_time":"2026-02-24T15:21:26+00:00","og_image":[{"width":1500,"height":1200,"url":"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp","type":"image\/webp"}],"author":"Katja B\u00fcttner","twitter_card":"summary_large_image","twitter_title":"The cost of mistakes in reporting and implementing sustainability","twitter_creator":"@VersoGmbH","twitter_site":"@VersoGmbH","twitter_misc":{"Written by":"Katja B\u00fcttner","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#article","isPartOf":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/"},"author":{"name":"Katja B\u00fcttner","@id":"https:\/\/verso.de\/en\/#\/schema\/person\/32a7230ee87ed9ae7f13268b723ee9a5"},"headline":"The cost of mistakes in reporting and implementing sustainability","datePublished":"2024-05-15T13:19:10+00:00","dateModified":"2026-02-24T15:21:26+00:00","mainEntityOfPage":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/"},"wordCount":9,"publisher":{"@id":"https:\/\/verso.de\/en\/#organization"},"image":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage"},"thumbnailUrl":"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp","keywords":["CSDDD","CSRD","ESG report","Greenwashing","Supply chain","Sustainability management"],"articleSection":["CSRD","ESG"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/","url":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/","name":"Sanctions for errors in ESG reporting & implementation","isPartOf":{"@id":"https:\/\/verso.de\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage"},"image":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage"},"thumbnailUrl":"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp","datePublished":"2024-05-15T13:19:10+00:00","dateModified":"2026-02-24T15:21:26+00:00","description":"These sanctions may be imposed if the new sustainability, climate and supply chain management regulations are not implemented properly.","breadcrumb":{"@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#primaryimage","url":"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp","contentUrl":"https:\/\/verso.de\/wp-content\/uploads\/2024\/05\/Fehler-Reporting1.webp","width":1500,"height":1200,"caption":"\u00c4ltere Frau arbeitet am Laptop und guckt sehr konzentriert"},{"@type":"BreadcrumbList","@id":"https:\/\/verso.de\/en\/blog\/the-cost-of-mistakes-in-reporting-and-implementing-sustainability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/verso.de\/en\/"},{"@type":"ListItem","position":2,"name":"The cost of mistakes in reporting and implementing sustainability"}]},{"@type":"WebSite","@id":"https:\/\/verso.de\/en\/#website","url":"https:\/\/verso.de\/en\/","name":"VERSO","description":"We guide you through Sustainability. ESG, Supply Chain &amp; Climate","publisher":{"@id":"https:\/\/verso.de\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/verso.de\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/verso.de\/en\/#organization","name":"Verso","alternateName":"VERSO GmbH","url":"https:\/\/verso.de\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/verso.de\/en\/#\/schema\/logo\/image\/","url":"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/verso-logo.svg","contentUrl":"https:\/\/verso.de\/wp-content\/uploads\/2023\/11\/verso-logo.svg","width":172,"height":42,"caption":"Verso"},"image":{"@id":"https:\/\/verso.de\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/VersoGmbH","https:\/\/x.com\/VersoGmbH","https:\/\/www.linkedin.com\/company\/versogmbh\/?originalSubdomain=de","https:\/\/www.youtube.com\/channel\/UC5dDxYuGCX4VzklbtqLV8SQ","https:\/\/www.xing.com\/pages\/versogmbh"],"email":"kontakt@verso.de","telephone":"+49 89 520 389 84","legalName":"VERSO GmbH"},{"@type":"Person","@id":"https:\/\/verso.de\/en\/#\/schema\/person\/32a7230ee87ed9ae7f13268b723ee9a5","name":"Katja B\u00fcttner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/verso.de\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9638ffd5a68d59c10cbc8dbf8ccde9960f62e2ca4dc9bf32154214e0480e4ddb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9638ffd5a68d59c10cbc8dbf8ccde9960f62e2ca4dc9bf32154214e0480e4ddb?s=96&d=mm&r=g","caption":"Katja B\u00fcttner"},"url":"https:\/\/verso.de\/en\/blog\/author\/katja\/"}]}},"_links":{"self":[{"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/posts\/4031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/comments?post=4031"}],"version-history":[{"count":0,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/posts\/4031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/media\/3587"}],"wp:attachment":[{"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/media?parent=4031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/categories?post=4031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/verso.de\/en\/wp-json\/wp\/v2\/tags?post=4031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}