The EU Parliament’s adoption of the European Sustainability Reporting Standards (ESRS) marks a significant milestone in the realm of mandatory sustainability reporting.
These standards encompass a wide array of critical sustainability aspects, including climate change, worker rights, and business conduct.
Designed to be compatible with the International Sustainability Standards Board (ISSB), Global Reporting Initiative (GRI), and other established standards, the ESRS will be applicable to more than 50,000 companies, both within Europe and internationally.
This development underscores the EU’s commitment to standardized and comprehensive sustainability reporting.
Here’s a valuable explainer on the basics of the ESRS by Denkstatt
#ESG #SustainabilityReporting #EURegulation
