A joint investigation by Senken and Sylvera reveals that none of the DAX40 companies reporting carbon credits under CSRD provided project level data in their FY2025 filings. This lack of transparency makes it impossible to independently verify the climate impact of millions of reported credits. The analysis found that 45 percent of the 4.84 million reported credits were untraceable through public registries. Furthermore, over half of the identified projects failed to meet a basic credibility threshold, highlighting a significant gap between regulatory certification and actual environmental impact.
