“European Sustainability Reporting Standards”

General

standards written within a year by EFRAG
medium quality standards (from FRA Financial Reporting and Analysis)
- too many inclarities
sector specific standards postponed
- 38 sector standards planned
- 9 sector standards already defined
in spirit is about
- cross cutting standards
- environmental matters
- social matters
- governance matters
appendixes with relevant information
sustainability statement part of normal management report, not it’s own document
- general information
- environmental information
- social information
- governance information
standard in EU
- there are lots of drafts - careful when searching online
  - currently easy to see if a G2 is included, there is no G2 at the moment
Double Materiality

Different Books

Materiality Assesment
Value Chain
List of ESRS datapoints
- a huge excel sheet in essence
  - most companies report like that currently
- Digital Tagging

ESRS 1 - general requirements (cross cutting across all sectors)
ESRS 2 - general disclosures (cross cutting across all sectors)
E1 - climate change
- if climate change is not material a detailed explanation is necessary
- others just are/aren’t, no explanation required
E2 - pollution
E3 - water and marine resources
E4 - biodiversity and ecosystems
E5 - resource use and circular economy
S1 - own workforces
S2 - workers in value chain
S3 - affected communities
S4 - consumers
G1 - business conduct

basis is Digital Tagging
GRI and ESRS are very similar
- even joint statement possible
IFRS SDS also mostly compatible
- mapping table of ESRS matters to IFRS SDS
- efforts to be more global and interoperable