ESRS Today

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Under the EU’s Corporate Sustainability Reporting Directive (CSRD), companies in the EU will need to prepare extensive sustainability reports. The reporting requirements are set out in European Sustainability Reporting Standards (ESRSs).

ESRSs will be applied by:

all large companies incorporated and all companies listed in the EU;
large subsidiaries of non-EU parents (group exemptions apply); and
non-EU companies with a turnover in the EU of more than EUR 150 million.

The ESRSs will have a significant impact on the scope, volume and granularity of sustainability-related information to be collected and disclosed by companies. They introduce the concept of double materiality and expand a company’s reporting boundary to cover material information across its value chain. A company will need to report on how its activities and value chain affect the environment and people, as well as how sustainability-related matters affect its cash flows, financial position and financial performance.

These pages provide our insight, high-level guides and detailed analysis.

Our latest insights

ESRS Foundations

Insights into sustainability reporting

First-time reporting under ESRSs

European regulator highlights key focus areas for sustainability statements

Comparing sustainability reporting requirements

Comparing requirements from the ISSB, EU and US SEC

ESRS implementation – EFRAG guidance

EFRAG publishes guidance on materiality, value chain and datapoints

Joint guidance on interoperability

ISSB and EU help companies understand the differences in their climate standards

Understand the change

New standards are driving significant change in the scope and scale of reporting – so understanding the landscape of new requirement is key

Mandatory adoption

ESRSs will apply for years beginning on/after 1 January 2024 (reporting in 2025)
Phased introduction, starting with the largest companies

ESRSs and other frameworks

ESRSs go further than most other sustainability reporting frameworks – so identifying conceptual and specific differences and assessing how to bridge them is important

Comprehensive reporting

ESRSs require a high volume and granularity of disclosures
Generating sufficient-quality data requires effective governance and controls
Capturing the relevant organisation and value chain information relies on internal and external collaboration