The ESRS reporting standards
The standards companies actually report against, and the body that develops them.
The European Sustainability Reporting Standards set out what companies in scope of the CSRD must disclose. They are developed with technical advice from EFRAG and adopted by the European Commission through delegated acts.
What the standards cover
The first set is sector-agnostic, applying to all companies in scope. They span environmental topics including climate, pollution, water, biodiversity and resource use, alongside social and governance disclosures.
Double materiality in practice
The standards require companies to assess both how sustainability matters affect them financially and how their activities affect people and the environment. That assessment determines which disclosures actually apply.
Simplification is ongoing
The standards have been subject to revision aimed at reducing reporting burden. Anyone building a reporting process should confirm they are working from the current version.
Train your teams on this
Our ESG & Sustainability courses cover CSRD reporting, carbon accounting and human rights due diligence.