Directive (EU) 2022/2464, known as the “CSRD” (Corporate Sustainability Reporting Directive), provides for the application of a set of European sustainability reporting standards known as “ESRS” (European Sustainability Reporting Standards) to companies falling within the scope of the CSRD.

The draft ESRS standards are developed by EFRAG (www.efrag.org) through its Sustainability Reporting Board (SRB) and Sustainability Reporting Technical Expert Group (SR TEG).

The draft ESRS standards are then submitted by EFRAG to the European Commission for review and validation by means of delegated acts.

At this stage, a first set (“First set” or “Set 1“) of ESRS standards has been adopted by the European Commission (see list below) and published in the Official Journal of the European Union on 22 December 2023. It is available in English, French and German.

• ESRS 1 General requirements
• ESRS 2 General information to be disclosed
• ESRS E1 Climate change
• ESRS E2 Pollution
• ESRS E3 Aquatic and marine resources
• ESRS E4 Biodiversity and ecosystems
• ESRS E5 Resource use and circular economy
• ESRS S1 Company workforce
• ESRS S2 Value chain workers
• ESRS S3 Affected communities
• ESRS S4 Consumers and end users
• ESRS G1 Business conduct