Adoption of European Sustainability Reporting Standards Starts the Clock for Preparation
The big picture: On 31 July 2023, the European Commission adopted the European Sustainability Reporting Standards (ESRS), which support the Corporate Sustainability Reporting Directive (CSRD) with specific reporting guidelines for covered companies. A key point: The ESRS are mandatory. They align with existing voluntary sustainability reporting frameworks from the International Sustainability Standards Board (ISSB) and […]
