ESRS: Definition

The European Sustainability Reporting Standards (ESRS) comprise a set of regulations that delineate the guidelines and disclosure requirements for companies, banks, and insurance companies within the scope of the Corporate Sustainability Reporting Directive (CSRD). Unlike its predecessor, the NFRD, which necessitated separate sustainability reports, the CSRD mandates companies to include sustainability information in a distinct and identifiable section of their management reports. This shift reflects the European Commission’s progressive transition to a digitised reporting framework aimed at enhancing data accessibility and facilitating the integration of financial and sustainable information.