The ESRS standards

➡️ The ESRS (European Sustainability Reporting Standards) are an integral part of the Corporate Sustainability Reporting Directive (CSRD) established by the European Parliament, and are mandatory for companies.

The purpose of the ESRS standards is to promote sustainable practices and improve the sustainability reporting of European companies. They aim to provide a structured framework for companies to communicate their sustainability performance. By adhering to the ESRS standards, companies can comply with the CSRD and effectively communicate their sustainability performance to stakeholders. This contributes to greater transparency, accountability, and comparability of sustainability information among European companies.

The standards cover various areas of reporting.

🌿The cross-cutting standards are the fundamental principles that apply to all companies to ensure an accurate and transparent reporting of sustainability-related information. They are designed to be flexible and adaptable, allowing companies to customize their reports according to their specific needs.

🌿The thematic standards focus on specific areas: environmental, social, and economic impact. They aim to provide a clear and coherent framework for the collection and dissemination of data related to issues such as pollution, employee engagement, or the protection of human rights. They help companies identify their strengths and the areas where they can improve, to create a positive impact in the long term.

🌿In the future, we will also have sector-specific standards, which will provide in-depth and specific guidance for companies operating in particular sectors, such as energy, finance, or food.

(to be continued)