European Sustainability Reporting Standard (ESRS)

European Sustainability Reporting Standard (ESRS)

• The ESRS provides guidance on how to report sustainability data. It defines around 1,000 data points that companies need to consider.
• A materiality analysis is essential for determining which data points are most relevant to each company’s specific risks and impacts. Companies are encouraged to go beyond these predefined points and assess other potential risk areas related to sustainability.
• There has been a proposal to simplify ESRS, the so call Omnibus package. CSRD Omnibus - Easing Reporting Burden - Scandic Sourcing.
• ESRS implementation guidance documents | EFRAG
• EFRAG IG 2 Value Chain_final.pdf

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Corporate Sustainability Due Diligence Directive (CSDDD)