European Sustainability Reporting Standards

Definition

European Sustainability Reporting Standards is a set of detailed disclosure (reporting) requirements developed by the The European Financial Reporting Advisory Group (EFRAG) as mandated to by European Commission under the Corporate Sustainability Reporting Directive (CSRD) by the European Commission.

History

The first set of draft European Sustainability Reporting Standards (ESRS) have been delivered to the European Commission on 22nd November 2022. They are the result of a re-deliberation process conducted by the EFRAG Sustainability Reporting Board (SRB) reflecting the outcome of the public consultation that took place from end of April to August 8th 2022 on the 13 ESRS Exposure Drafts (ED's), developed by the EFRAG Project Task Force (PTF)

List of ESRS Standards

EFRAG has proposed in 2022 a first set of draft ESRS's as follows:

• ESRS 1 General Requirements
• ESRS 2 General Disclosures
• ESRS E1 Climate Change
• ESRS E2 Pollution
• ESRS E3 Water and Marine Resources
• ESRS E4 Biodiversity and Ecosystems
• ESRS E5 Resources and Circular Economy
• ESRS S1 Own Workforce
• ESRS S2 Workers in the Value Chain
• ESRS S3 Affected Communities
• ESRS S4 Customers and End-Users
• ESRS G1 Business Conduct

See Also

• CSRD
• ISSB
• TCFD
• Global Reporting Initiative
• EU Taxonomy
• SFDR

References

• EFRAG Due process note - First set of draft ESRS, 2022