ESRS-REPORTING-STANDARDS

EFRAG 12 ESRS sustainability reporting standards.

Definition

ESRS structure: ESRS 1 General Requirements, ESRS 2 General Disclosures, ESRS E1 Climate Change (CO2, energy, transition plan), ESRS E2 Pollution, ESRS E3 Water and Marine Resources, ESRS E4 Biodiversity, ESRS E5 Resource Use and Circular Economy, ESRS S1 Own Workforce, ESRS S2 Workers in Value Chain, ESRS S3 Affected Communities, ESRS S4 Consumers, ESRS G1 Business Conduct. Double Materiality concept (impact materiality + financial materiality). XBRL taxonomy published ESMA for ESEF digital reporting.

Origin

EFRAG founded 2001 ; ESRS Sustainability Reporting Standards developed 2021-2023 ; Delegated Regulation (EU) 2023/2772 published 22 December 2023 ; sector-specific ESRS under development 2024+.

Example in context

TotalEnergies prepares its ESRS E1 Climate Change reporting for fiscal 2024 ; measures Scope 1 emissions ~40 MtCO2e, Scope 2 ~5 MtCO2e, Scope 3 ~400 MtCO2e (use of sold products).

Related terms

• CSRD — parent directive.