This course deals with relevant concepts and standards in the fields of non-financial accounting, adressing the question of how to measure and report on the non-financial performance of companies (and other entities). It adresses sustainability accounting, integrated reporting and non-financial reporting as established by the NFRD (Non-Financial Reporting Directive) in the EU. Furthermore, an outlook on recent developments is given, especially with regards to the new Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) that have to be applied from the year 2024 onwards. Besides external reporting purposes, also relevant implication for management accounting, finance and valuation are outlined.

At the end of the course, students are able to assess the relevance of non-financial information for corporate practice and analysis, including the link between financial and non-financial performance. Especially, they are able to distinguish different types of reporting standards and the information included in them. They have a deepened understanding for the processes and requirements underlying such reports and can derive implications for managing companies.

This course is a PI course with 80% attendance (for all course sessions in total, excluding examinations). Students that do not meet this limit for attendance will not be allowed to pass the course.

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