European Sustainability Reporting Standards (ESRS)
Adhere to new ESRS guidelines requiring large multinational businesses to transparently report their impact on climate, biodiversity, and human rights. SMEs are set to follow, with reporting requirements kicking in from 2024 onwards.
Why the ESRS?
The European Sustainability Reporting Standards (ESRS), in compliance with the Corporate Sustainability Reporting Directive (CSRD), establishes a unified reporting framework in the EU. It is in sync with global standards such as ISSB and GRI, enhancing transparency and streamlining reporting for international companies. Supporting the European Green Deal, ESRS requires large and listed companies, excluding micro-enterprises, to disclose environmental and social risks and opportunities.
Phased implementation starts in FY 2024, with SMEs beginning to report from 2026, and an optional opt-out available until 2028.
Current sustainability reporting by companies often lacks sufficient detail, omitting crucial information important to investors and other stakeholders. This inconsistency in reporting quality makes it challenging for investors to trust the data and compare it across different companies. Consequently, investors do not get a clear picture of the sustainability-related risks companies face.
Summary Results
[{"id":1,"name":"1: General requirements","text":"<div class=\"container mx-auto text-center leading-relaxed\">Your alignment with general ESRS requirements, including organizational context and stakeholder engagement strategies, will be presented here.</div>","disabled":false},{"id":2,"name":"2: General disclosures","text":"<div class=\"container mx-auto text-center leading-relaxed\">This section will overview your alignment with general ESRS disclosure requirements, focusing on transparency, governance, and sustainability objectives.</div>","disabled":false},{"id":3,"name":"E1: Climate change","text":"<div class=\"container mx-auto text-center leading-relaxed\">This area will detail your adherence to climate change disclosures, including current or potential emission targets, risk management, and resilience strategies as per ESRS guidelines.</div>","disabled":false},{"id":4,"name":"E2: Pollution","text":"<div class=\"container mx-auto text-center leading-relaxed\">Discussion on your pollution management strategies, including waste management and emission controls in line with ESRS recommendations.</div>","disabled":false},{"id":5,"name":"E3: Water and marine resources","text":"<div class=\"container mx-auto text-center leading-relaxed\">Analysis of your management of water and marine resources, focusing on sustainable usage and ecosystem impact as guided by ESRS.</div>","disabled":false},{"id":6,"name":"E4: Biodiversity and ecosystems","text":"<div class=\"container mx-auto text-center leading-relaxed\">Presentation of your approach to biodiversity and ecosystem management, highlighting conservation efforts and impact assessment in compliance with ESRS.</div>","disabled":false},{"id":7,"name":"E5: Resource use and circular economy","text":"<div class=\"container mx-auto text-center leading-relaxed\">Exploration of your resource utilization and circular economy practices, aligning with the ESRS standards for sustainable operations.</div>","disabled":false},{"id":8,"name":"Appendix 1: Disclosure requirements","text":"<div class=\"container mx-auto text-center leading-relaxed\">Detailed overview of specific ESRS disclosure requirements, including necessary information and formatting guidelines.</div>","disabled":false},{"id":9,"name":"Appendix 2: CSRD requirements","text":"<div class=\"container mx-auto text-center leading-relaxed\">Insight into how your organization meets the Corporate Sustainability Reporting Directive (CSRD) requirements and its integration with ESRS reporting.</div>","disabled":false}]