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ESRS standards

ESRS are now a reality

Great news for the sustainability world! The European Sustainability Reporting Standards (ESRS), the new European standards for sustainability reporting, are now a reality.

What are the ESRS?

The ESRS are a set of 12 standards designed to provide a comprehensive and comparable view of a company’s environmental, social, and governance performance. These standards, aligned with GRI guidelines, will be phased in from 2024 and represent a major step towards a more sustainable and transparent economy.

What are the main ESRS?

  • General requirements: Establish the basic principles and criteria for the preparation of sustainability reports.
  • Environment: Cover topics such as climate change, pollution, water use, biodiversity, and the circular economy.
  • Social: Focus on relationships with employees, the supply chain, local communities, and consumers.
  • Governance: Address issues such as business ethics, anti-corruption, and transparency.

Why are the ESRS important?

  • Greater transparency: The ESRS require companies to disclose detailed information about their social and environmental impact.
  • Comparability: Common standards facilitate comparison between companies and sectors.
  • Sustainable investments: The ESRS drive investment in companies that demonstrate a real commitment to sustainability.
  • Acceleration of the green transition: By promoting more sustainable practices, the ESRS contribute to achieving climate and sustainable development goals.

The ESRS are a fundamental tool for building a more sustainable future!

If you liked this article, you may also find interesting to read the following article:

Developing the ESRS: A Comprehensive Guide

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