European Sustainability Reporting Standards (ESRS)

The European Sustainability Reporting Standards (ESRS) represent a set of standards developed by the European Financial Reporting Advisory Group (EFRAG) to bolster the consistency and comparability of sustainability reporting within the European Union. These standards cover various aspects of sustainability reporting, offering a framework for organizations to effectively disclose non-financial information. Particularly relevant for companies operating within the EU, the ESRS align with the regulatory framework established by the CSRD. Compliance with these standards ensures the disclosure of crucial non-financial information, fostering transparency and accountability in addressing environmental and social impacts. Moreover, the ESRS facilitate comparability among different entities, aiding investors, stakeholders, and the public in making well-informed decisions.