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April 2025 update: On 26 February 2025, the European Commission released an Omnibus package of proposals to reduce sustainability reporting and due diligence requirements. As part of this Omnibus package only the largest companies would report under ESRS and the requirements may be subject to change in the future. For more detail on the proposals, see our article.
Companies have had to learn and adapt quickly to get ready for their first year of reporting under European Sustainability Reporting Standards (ESRS). For many there are new complex concepts to understand, such as double materiality and disclosing information related to a company’s value chain. Companies entering their second year of reporting can enhance their processes by applying insights gained from the first year.
ESRS Foundations provides the framework for our guidance. It explains the new concepts and helps you to understand how your company might apply the standards. It navigates the complexity of ESRS, pulling the detailed requirements together in one place and explaining them in plain English. It also includes insights and illustrative examples to help you to anticipate some of the key impacts.
Going forward we will expand the guidance, drawing from how companies are adapting to the new reporting environment and providing further insight and guidance on emerging issues, as well as illustrative examples.
Whether you are well advanced on your implementation journey, or taking the first steps, we hope this publication will help you to meet the challenges – and realise the opportunities enhanced reporting can bring.
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