What is ESRS?

QuestionsCategory: SustainabilityWhat is ESRS?
Alex Grimes asked 2 months ago
Summary
What is ESRS
Article Name
What is ESRS
Description
Explore the meaning of ESRS. Gain insights to the purpose of ESRS along with the purpose and impact on eligible organizations.
Author
Publisher Name
GreenSutra
Publisher Logo
1 Answers
Best Answer
Team GreenSutra® Staff answered 2 months ago

The European Sustainability Reporting Standards are referred to as ESRS.

Organizations that are subject to the Corporate Sustainbility Reporting Directive have to report according to the European Sustainability Reporting Standards.

Eligible organizations will have to apply the new rules and standards for the first time in the 2024 financial year and disclose the reports in 2025.

The first set of ESRS was officially published in the Official Journal on 22nd December 2023.