The Dawn of European Sustainability Reporting: Navigating the New ESRS Landscape

In the pursuit of a sustainable economy, the European Commission has taken a pivotal leap by adopting the European Sustainability Reporting Standards (ESRS) on July 31st. These standards, which are strategically aligned with the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI), ensure a high degree of coherence in global sustainability reporting. With the EU's integration of ISSB standards into ESRS, companies can prevent redundant reporting, facilitating global comparability leading to comprehensive reporting on ESG issues. This not only reinforces the EU's commitment to sustainability, but also paves the way for a unified global framework for meaningful corporate disclosure. Set to influence all companies under the Corporate Sustainability Reporting Directive (CSRD), the ESRS provides businesses with a structured guideline for ESG reporting. This article delves into these standards, shedding light on their phased rollout, the pivotal role of double materiality assessments, and their game-changing prospects for enterprises.

 

Implementing TCFD: Climate Scenarios into Business Strategy and Targets

This article is the third one of our series titled ‘Successfully Implementing TCFD’, explaining the different phases of Finch and Beak’s Task Force on Climate-related Financial Disclosures (TCFD) Roadmap in more detail. This article focuses on the...

 

CSRD beyond reporting: The 19 most asked questions on Double Materiality Assessment

Double Materiality is one of the hottest, yet most uncertain, topics within the sustainability sphere right now. With the newly adopted CSRD disclosure, many organizations feel overwhelmed when it comes to conducting a Double Materiality Assessment...

 

Practical Steps for Implementing Sustainability in Your Supply Chain

As ESG requirements and its monitoring become more relevant with the introduced CSRD and the updated 2023 CSA questionnaire, it is increasingly evident that making the supply chain more sustainable is substantial. This article outlines three...

 

Going from Single Materiality to Double Materiality

In today's rapidly evolving business landscape, companies face increasing pressure to incorporate ESG considerations into their businesses. The Corporate Sustainability Reporting Directive (CSRD) requires companies to conduct a double materiality...