European Sustainability Reporting Standard (ESRS)
The European Sustainability Reporting Standard (ESRS) is a set of guidelines and requirements for sustainability reporting developed by the European Union (EU) to standardise and improve sustainability reporting practices across European companies. The ESRS is part of the EU’s efforts to promote sustainability and enhance transparency and accountability among businesses in addressing environmental, social, and governance (ESG) issues. The ESRS is being developed as part of the EU’s Sustainable Finance Action Plan, which aims to channel investments towards sustainable activities, promote long-term sustainability, and facilitate the transition to a more sustainable economy. The ESRS is expected to provide guidelines for reporting on a wide range of sustainability topics, including climate change, environmental impacts, social and labour issues, human rights, anti-corruption, and diversity.
Read more about the ESRS here.