{"id":5120,"date":"2025-02-06T11:56:33","date_gmt":"2025-02-06T09:56:33","guid":{"rendered":"https:\/\/csr-tools.com\/esrs\/"},"modified":"2026-04-23T09:59:06","modified_gmt":"2026-04-23T07:59:06","slug":"esrs","status":"publish","type":"page","link":"https:\/\/csr-tools.eu\/en\/esrs\/","title":{"rendered":"ESRS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5120\" class=\"elementor elementor-5120 elementor-5017\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7513553d e-grid e-con-boxed e-con e-parent\" data-id=\"7513553d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-325bd250 e-con-full e-flex e-con e-child\" data-id=\"325bd250\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19306816 elementor-widget elementor-widget-heading\" data-id=\"19306816\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><b>ESRS - brief and concise<\/b><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-792745d7 elementor-widget elementor-widget-text-editor\" data-id=\"792745d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards (ESRS)<\/strong> are a central component of the <a href=\"https:\/\/csr-tools.com\/en\/csrd\/\"><strong>Corporate Sustainability Reporting Directive (CSRD)<\/strong><\/a> and define how companies in the EU must report on their sustainability performance. The ESRS aim to ensure uniform, transparent, and comparable <strong>sustainability reporting<\/strong>. <\/p>\n<p>The standards cover comprehensive <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-en\/esg-and-esg-reporting-the-most-important-facts-in-brief\/\"><strong>Environmental, Social, and Governance (ESG)<\/strong><\/a> topics and are based on international frameworks such as the <strong>GRI Standards, IFRS S1 &amp; S2, and the TCFD<\/strong>. Nevertheless, there are some special features, such as <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/double-materiality-explained-simply\/\">double materiality<\/a>.<\/p>\n<p>With the <strong>European Sustainability Reporting Standards<\/strong>, the EU aims to ensure that sustainability information is as reliable and decision-relevant as financial reports \u2013 an important step towards promoting sustainable business models and capital flows.&nbsp;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-604b119 elementor-widget elementor-widget-image\" data-id=\"604b119\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"808\" height=\"1024\" src=\"https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-808x1024.jpg\" class=\"attachment-large size-large wp-image-5172\" alt=\"ESRS Stra\u00dfe Wald\" srcset=\"https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-808x1024.jpg 808w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-237x300.jpg 237w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-768x973.jpg 768w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-1212x1536.jpg 1212w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-1616x2048.jpg 1616w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash-473x600.jpg 473w, https:\/\/csr-tools.eu\/wp-content\/uploads\/vlad-hilitanu-QqSIuvz94s8-unsplash.jpg 1686w\" sizes=\"(max-width: 808px) 100vw, 808px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-106002b9 e-con-full e-flex e-con 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5.6-5.3 5.5 5.4h.1l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.3 5.6-5.3 5.5 5.4V0H-.2v5.8z\"\/>\n<\/svg>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dcf2762 elementor-widget elementor-widget-heading\" data-id=\"3dcf2762\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Helpful Tools for Complying with the European Sustainability Reporting Standards<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-31278c23 e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"31278c23\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b60666 elementor-arrows-position-inside elementor-widget elementor-widget-n-carousel\" data-id=\"3b60666\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;carousel_items&quot;:[{&quot;slide_title&quot;:&quot;Slide #1&quot;,&quot;_id&quot;:&quot;9bcf0b0&quot;},{&quot;slide_title&quot;:&quot;Slide #2&quot;,&quot;_id&quot;:&quot;962623e&quot;},{&quot;slide_title&quot;:&quot;Slide #3&quot;,&quot;_id&quot;:&quot;4062709&quot;}],&quot;slides_to_show_tablet&quot;:&quot;2&quot;,&quot;slides_to_show_mobile&quot;:&quot;1&quot;,&quot;speed&quot;:500,&quot;arrows&quot;:&quot;yes&quot;,&quot;image_spacing_custom&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;image_spacing_custom_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;image_spacing_custom_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-carousel swiper\" role=\"region\" aria-roledescription=\"carousel\" aria-label=\"Carousel\" dir=\"ltr\">\n\t\t\t<div class=\"swiper-wrapper\" aria-live=\"polite\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" data-slide=\"1\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 of 3\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73b202bc e-flex e-con-boxed e-con e-child\" data-id=\"73b202bc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2bce8184 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"2bce8184\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-file-invoice\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-588ce826 elementor-widget elementor-widget-heading\" data-id=\"588ce826\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">VSME reporting template  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5253e1f5 elementor-widget elementor-widget-text-editor\" data-id=\"5253e1f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Word template (&amp; PDF) for a CSRD sustainability report according to the ESRS VSME standard.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cf03bb6 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6cf03bb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/csr-tools.com\/nachhaltigkeitsbericht-template-fuer-kmus\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To the offer<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" data-slide=\"2\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"2 of 3\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43327e03 e-flex e-con-boxed e-con e-child\" data-id=\"43327e03\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-441df9e3 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"441df9e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-users\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50ab87d8 elementor-widget elementor-widget-heading\" data-id=\"50ab87d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">VSME Workshop<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b4597c1 elementor-widget elementor-widget-text-editor\" data-id=\"3b4597c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Practical and interactive workshop for a better understanding and implementation of the VSME standard.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e01a6d5 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7e01a6d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/csr-tools.com\/en\/vsme-workshop-practical-introduction-to-the-voluntary-report\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To the offer<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" data-slide=\"3\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"3 of 3\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15835f68 e-flex e-con-boxed e-con e-child\" data-id=\"15835f68\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7618e241 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"7618e241\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-code-branch\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56888cf5 elementor-widget elementor-widget-heading\" data-id=\"56888cf5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">ESRS IRO Database<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71fad788 elementor-widget elementor-widget-text-editor\" data-id=\"71fad788\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Excel-based database with hundreds of pre-formulated Impacts, Risks &amp; Opportunities (IROs) for efficient DMA. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9b2e9 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f9b2e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/csr-tools.com\/en\/esrs-iro-database-for-materiality-analysis\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To the offer<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-prev\" role=\"button\" tabindex=\"0\" aria-label=\"Previous\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-left\"><\/i>\t\t\t<\/div>\n\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-next\" role=\"button\" tabindex=\"0\" aria-label=\"Next\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-right\"><\/i>\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5997e81f e-flex e-con-boxed e-con e-parent\" data-id=\"5997e81f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;shape_divider_top&quot;:&quot;zigzag&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1800 5.8\" preserveAspectRatio=\"none\">\n  <path class=\"elementor-shape-fill\" d=\"M5.4.4l5.4 5.3L16.5.4l5.4 5.3L27.5.4 33 5.7 38.6.4l5.5 5.4h.1L49.9.4l5.4 5.3L60.9.4l5.5 5.3L72 .4l5.5 5.3L83.1.4l5.4 5.3L94.1.4l5.5 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.4 5.3L161 .4l5.4 5.3L172 .4l5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.5 5.3L261 .4l5.4 5.3L272 .4l5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.7-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.4h.2l5.6-5.4 5.5 5.3L361 .4l5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.7-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 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5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.7-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.7-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.4h.2l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.7-5.4 5.4 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.5 5.4h.1l5.6-5.4 5.5 5.3 5.6-5.3 5.5 5.3 5.6-5.3 5.4 5.3 5.7-5.3 5.4 5.3 5.6-5.3 5.5 5.4V0H-.2v5.8z\"\/>\n<\/svg>\n\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b210d8b e-con-full e-flex e-con e-child\" data-id=\"5b210d8b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4741702b elementor-widget elementor-widget-table-of-contents\" data-id=\"4741702b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_anchor_link_offset&quot;:60,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tESRS Knowledge\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__4741702b\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1947bcdf e-con-full e-flex e-con e-child\" data-id=\"1947bcdf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75bcad6b elementor-widget elementor-widget-heading\" data-id=\"75bcad6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1. What are the European Sustainability Reporting Standards (ESRS)?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57ea3ec0 elementor-widget elementor-widget-text-editor\" data-id=\"57ea3ec0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards<\/strong> are binding reporting standards for <strong>sustainability reporting<\/strong> by companies in the European Union. They were <span style=\"font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">developed <\/span> by the <strong>European Financial Reporting Advisory Group (EFRAG)<\/strong> <span style=\"text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-size: 1rem;\">on behalf of the European Commission<\/span>and form the basis of the <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/corporate-sustainability-reporting-directive-csrd-explained-simply\/\"><strong style=\"font-style: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">Corporate Sustainability Reporting Directive (CSRD)<\/strong><\/a><span style=\"font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">which has applied to large companies since 2024.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-309d384a elementor-widget elementor-widget-heading\" data-id=\"309d384a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Relationship between ESRS and CSRD<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72dd67ff elementor-widget elementor-widget-text-editor\" data-id=\"72dd67ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-explained-in-under-100-words\/\"><strong>CSRD<\/strong><\/a> defines <strong>which companies<\/strong> must report on sustainability, while the <strong>European Sustainability Reporting Standards<\/strong><strong> define what and how exactly must be reported<\/strong>. This means: \n<ul>\n \t<li>The <strong>CSRD obliges companies to report on sustainability<\/strong>, replaces the previous <strong>Non-Financial Reporting Directive (NFRD)<\/strong>, and significantly expands the circle of companies subject to reporting.<\/li>\n \t<li>The <strong>European Sustainability Reporting Standards<\/strong><strong> are the specific reporting standards<\/strong> that companies must use to <strong>meet CSRD requirements<\/strong>. They ensure that sustainability information is collected in a detailed, uniform, and comparable manner. <\/li>\n<\/ul>\nIn short: <strong>The CSRD makes reporting mandatory and defines which companies are affected \u2013 the ESRS provide the framework for content and methodology.<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-573d781 elementor-widget elementor-widget-heading\" data-id=\"573d781\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Objectives of the European Sustainability Reporting Standards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a0e8e2 elementor-widget elementor-widget-text-editor\" data-id=\"6a0e8e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS aim to ensure that companies report comprehensively, transparently, and comparably on <strong>sustainability aspects<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11057233 elementor-widget elementor-widget-heading\" data-id=\"11057233\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Affected Companies<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23076bca elementor-widget elementor-widget-text-editor\" data-id=\"23076bca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS apply to all EU companies subject to <strong>CSRD reporting requirements<\/strong>:<\/p><ul><li><strong>Large companies<\/strong> that meet at least two of the following three criteria:<ul><li>Balance sheet total: <strong>over \u20ac25 million<\/strong><\/li><li>Net sales revenue: <strong>over \u20ac50 million<\/strong><\/li><li>More than <strong>250 employees<\/strong><\/li><\/ul><\/li><li><strong>Capital market-oriented SMEs<\/strong> from 2026 (with the possibility of postponement until 2028).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39ef8496 elementor-widget elementor-widget-text-editor\" data-id=\"39ef8496\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-implementation-in-germany-orientation-in-uncertain-times\/\" target=\"_blank\" rel=\"noopener\"><strong>Important new feature: Omnibus package to simplify sustainability reporting<\/strong><\/a><\/p><p>In November 2024, the European Commission announced the introduction of an omnibus package in the Budapest Declaration. This <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-omnibus-what-the-eu-proposal-means-for-companies\/\">CSRD Omnibus Proposal<\/a> was published on February 26, 2025, and aims to <strong>better align<\/strong> the CSRD, the Corporate Sustainability Due Diligence Directive (CSDDD), and the EU Taxonomy, to <strong>simplify reporting obligations for companies and reduce bureaucratic hurdles.<\/strong> <\/p><p>It was also proposed to adjust the implementation deadlines and the thresholds that determine which companies are even subject to reporting requirements.<\/p><div>The package was then finally adopted by the EU Council in February 2026 and will enter into force 20 days after publication, i.e., on 2026-03-18. <\/div><p>Accordingly, under the Omnibus proposal only the following companies will be required to report:<\/p><p><strong>1. From reporting year 2027 (reporting in 2028):<\/strong><\/p><ul><li>more than <strong>1,000 employees<\/strong><\/li><li><strong>and <\/strong>more than<strong> \u20ac450 million net revenue<\/strong><\/li><\/ul><p><strong>2. First-wave companies (&#8220;wave one&#8221;)<\/strong><\/p><ul><li>Companies that were already required to report under the CSRD since 2024 but, under the new thresholds, <strong>are no longer within scope<\/strong> may, under certain conditions, be exempted by the Member States <strong>for the 2025 and 2026 reporting years<\/strong>. The corresponding national implementation is at the discretion of the Member States. <\/li><\/ul><div>The Member States must then transpose the directive into national law.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac60506 elementor-widget elementor-widget-heading\" data-id=\"ac60506\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Further European Sustainability Reporting Standards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae279a7 elementor-widget elementor-widget-text-editor\" data-id=\"ae279a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition to the comprehensive ESRS, which is relevant for large companies and which is the main focus of this article, EFRAG has published two other standards:<\/p><ol><li><b><a href=\"https:\/\/www.efrag.org\/en\/projects\/esrs-lsme-esrs-for-listed-smes\/exposure-draft-consultation\" target=\"_blank\" rel=\"noopener\">ESRS LSME<\/a><\/b> (ESRS for Listed Small- and Medium-Sized Enterprises): The ESRS LSME standard offers simplified and proportionally adjusted reporting for small and medium-sized listed companies, while the comprehensive ESRS standard requires detailed and in-depth disclosure of all relevant sustainability aspects in accordance with the CSRD.<\/li><li><b>ESRS VSME<\/b> (Voluntary Sustainability Reporting Standard for non-listed SMEs): The <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/sustainability-reporting\/vsme-update-simplified-sustainability-reporting-for-smes\/\">ESRS VSME standard<\/a> offers voluntary and significantly reduced reporting tailored to the limited resources of very small companies. We have created a helpful <a href=\"https:\/\/csr-tools.com\/nachhaltigkeitsbericht-template-fuer-kmus\/\">Word report template for the VSME standard<\/a> and also compiled all reporting requirements in a clear <a href=\"https:\/\/csr-tools.com\/en\/vsme-data-point-list\/\">VSME data points list<\/a>. <\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17ff6aa5 elementor-widget elementor-widget-heading\" data-id=\"17ff6aa5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2. <span>Structure and Standards: <\/span><span>How are the ESRS structured?<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1620df80 elementor-widget elementor-widget-text-editor\" data-id=\"1620df80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards<\/strong> are divided into various categories to ensure comprehensive and transparent reporting. They consist of <strong>general requirements<\/strong>, topic-specific standards for <strong>Environment (E), Social (S), and Governance (G)<\/strong>, as well as sector- and company-specific regulations. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f40e8f1 elementor-widget elementor-widget-heading\" data-id=\"7f40e8f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">General Requirements: ESRS 1 &amp; ESRS 2<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54268035 elementor-widget elementor-widget-text-editor\" data-id=\"54268035\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The overarching standards <strong>ESRS 1<\/strong> and <strong>ESRS 2<\/strong> define the fundamental principles and general disclosure obligations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a9a0cb elementor-widget elementor-widget-toggle\" data-id=\"1a9a0cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2781\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2781\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS 1: General requirements<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2781\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2781\"><p>ESRS 1 outlines the structure of the European Sustainability Reporting Standards, explains the requirements for their elaboration, and the underlying concepts. It also defines fundamental requirements for the preparation and presentation of sustainability-related information. The reporting period for a company&#8217;s sustainability statement must align with the reporting period for the company&#8217;s annual financial statements.  <\/p>\n<ul>\n<li>Defines reporting principles<\/li>\n<li>Includes the concept of double materiality<\/li>\n<li>Describes coherence with other standards<\/li>\n<\/ul>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2782\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2782\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS 2: General information<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2782\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2782\"><p>ESRS 2 defines the requirements for information that a company must generally provide in its sustainability report for all material sustainability aspects in the following areas: Governance, Strategy, <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/understanding-and-using-iros-the-key-to-materiality-analysis-csrd\/\">Impacts, Risks, and Opportunities (IROs)<\/a>, as well as metrics and targets.<span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); color: var(--ast-global-color-3);\"><br \/><\/span><\/p>\n<ul>\n<li>Includes fundamental reporting obligations for all companies<\/li>\n<li>Defines the structure of the sustainability report<\/li>\n<li>Sets requirements for governance, strategy, and risk management<\/li>\n<\/ul>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e367755 elementor-widget elementor-widget-heading\" data-id=\"3e367755\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Thematic ESRS Standards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63192145 elementor-widget elementor-widget-text-editor\" data-id=\"63192145\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The thematic <strong>European Sustainability Reporting Standards<\/strong> cover the three sustainability dimensions: <strong>Environment (E), Social (S), and Governance (G)<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0164eb elementor-widget elementor-widget-toggle\" data-id=\"b0164eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1841\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1841\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS E1: Climate change<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1841\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1841\"><p>The ESRS E1 standard defines a company&#8217;s disclosure requirements in relation to its impact on climate change, efforts to limit global warming to 1.5 degrees in accordance with the Paris Agreement and adaptation strategies to actual and expected climatic changes.<\/p>\n<p>It also contains disclosure requirements on how companies deal with their greenhouse gas emissions (Scope 1-3 emissions) and the associated risks, as well as the obligation to provide information on the company&#8217;s energy consumption and energy mix.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1842\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1842\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS E2: Pollution<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1842\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1842\"><p>This section covers the company&#8217;s actual and potential impacts on air, water and soil pollution. It highlights the company&#8217;s actions and strategies to prevent and mitigate such pollution and adapt to a sustainable economy. The standard also considers the financial implications of these environmental impacts. It also includes information on substances of concern that the company produces or uses and their potential impact on people and the environment.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1843\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1843\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS E3: Water and marine resources<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1843\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1843\"><p>The main objective of this standard is to enable users to recognize the actual and potential impacts of the company on water and marine resources. In addition, companies should present their measures to mitigate negative impacts and protect these resources.   <\/p>\n<p>The standard also requires a description of how a company adapts its business strategies in line with sustainable water use. Finally, companies must report on material risks, opportunities, and impacts arising from their relationship with water and marine resources. The standard refers to &#8220;water&#8221; as surface and groundwater, and &#8220;marine resources&#8221; as their use, return, and related activities.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1844\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1844\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS E4: Biodiversity and Ecosystems<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1844\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1844\"><p>The ESRS E4 Standard aims to oblige companies to clearly present in their sustainability reports how they influence biodiversity and ecosystems. This should include both positive and negative impacts, including the company&#8217;s role in biodiversity loss.  The company should also present its measures to mitigate these impacts and restore biodiversity.<\/p>\n<p>The business strategy is expected to be in line with various global and EU biodiversity directives. Companies should also report on their material risks and opportunities and their financial implications in relation to biodiversity. The standard considers the company&#8217;s relationship with different habitats and ecosystems. In this context, &#8220;biodiversity&#8221; refers to the variability of organisms and their ecosystems.   <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1845\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1845\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS E5: Circular economy<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1845\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1845\"><p>ESRS E5 is about the company&#8217;s impact on resource efficiency, the use of renewable resources and the prevention of depletion of non-renewable resources. Companies should report their actions and their results to mitigate negative impacts in this area, including measures to decouple economic growth from the use of materials.   <\/p>\n<p>The standard emphasizes the need to adapt business strategies to minimize waste and maximize resource efficiency. The &#8220;circular economy&#8221; describes a system that maximizes the value of products and materials by promoting their use optimization, reuse and recycling. It is designed to help companies master the transformation from a linear to a circular economy.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1846\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1846\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS S1: Own Workforce<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1846\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1846\"><p>This standard stipulates that positive and negative influences of the company on its own workforce, measures taken and their results, as well as financial risks and opportunities, must be reported.<\/p>\n<p>The focus is on social aspects (i) Working conditions, (ii) Equal treatment and equal opportunities for all, and (iii) Other work-related rights such as child and forced labor. Companies should explain how they address these factors and what material IROs result from them.<\/p>\n<p>The ESRS S1 Standard refers only to the company&#8217;s workforce, including non-employed workers, but not to external workers in the value chain. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1847\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1847\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS S2: Workforce in the value chain<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1847\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1847\"><p>The standard defines disclosure requirements for companies to make the impact of their business activities on workers in their value chain transparent. Companies should explain their approach to assessing and addressing impacts on working conditions, equal treatment &amp; opportunities and other labor-related rights. The standard applies to all workers in the value chain who are not part of the &#8220;own workforce&#8221;.  <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1848\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-1848\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS S3: Affected communities<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1848\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-1848\"><p>This area sets out how companies affect impacted communities through their business activities. Companies must explain their approach to addressing impacts on (i) communities\u2019 economic, social and cultural rights, (ii) communities\u2019 civil and political rights, as well as    (iii) the specific rights of Indigenous Peoples, and what opportunities and risks dependency on these communities may entail. <\/p>\n<p>Affected communities are individuals or groups who live or work in the same area that is or could be affected by the company&#8217;s activities or its value chain.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1849\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-1849\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS S4: Consumers and end users<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1849\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-1849\"><p>The ESRS S4 Standard sets disclosure requirements so that report readers can identify a company&#8217;s impacts on consumers and\/or end-users in the context of business, products, and services. Companies should explain their approach to topics such as (i) information-related impacts on consumers and\/or end-users (e.g., privacy, freedom of expression), (ii) personal safety (e.g., health and safety, personal security, and child protection), and (iii) social inclusion of consumers (e.g., non-discrimination, access to products and services, and responsible marketing practices). Misuse of products by consumers is not part of this standard.     <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-18410\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-18410\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">ESRS G1: Business conduct<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-18410\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-18410\"><p>The main goal of the ESRS G1 Standard is to establish clear guidelines for companies so that strategies, processes, and performance in corporate policy can be understood in the sustainability report. In particular, the following three main areas of corporate governance are considered: <br \/>(i) Corporate ethics and culture, e.g., the fight against corruption, the protection of whistleblowers;<br \/>(ii) The management of supplier relationships, especially regarding payment practices;<br \/>(iii) The way companies exert political influence and the resulting obligations, including lobbying.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5b0de2 elementor-widget elementor-widget-heading\" data-id=\"b5b0de2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Sector- and company-specific standards (future)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc21bba elementor-widget elementor-widget-text-editor\" data-id=\"bc21bba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition to the general and thematic <strong>European Sustainability Reporting Standards<\/strong>, the <strong>EFRAG<\/strong> plans to develop sector-specific standards that address the particular sustainability challenges of individual sectors. These will be <a href=\"https:\/\/www.efrag.org\/en\/sustainability-reporting\/esrs-workstreams\/sectorspecific-esrs\" target=\"_blank\" rel=\"noopener\">published in the coming years<\/a>.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6139bfb elementor-widget elementor-widget-image\" data-id=\"6139bfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"845\" src=\"https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-1024x845.webp\" class=\"attachment-large size-large wp-image-3723\" alt=\"Darstellung der ESRS (European Sustainability Reporting Standards)\" srcset=\"https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-1024x845.webp 1024w, https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-300x247.webp 300w, https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-768x634.webp 768w, https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-1536x1267.webp 1536w, https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-2048x1690.webp 2048w, https:\/\/csr-tools.eu\/wp-content\/uploads\/ESRS-Darstellung-Europaische-Standards-fur-die-Nachhaltigkeitsberichterstattung-Aktualisiert-600x495.webp 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43c91d15 elementor-widget elementor-widget-heading\" data-id=\"43c91d15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. What requirements and obligations arise for companies? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ad3f8ae elementor-widget elementor-widget-text-editor\" data-id=\"5ad3f8ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards<\/strong> place comprehensive demands on companies that are obliged to engage in <strong>sustainability reporting<\/strong>. <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-reporting-materiality-analysis-and-then\/\">CSRD reporting<\/a> aims to increase transparency in <strong>Environmental, Social, and Governance (ESG)<\/strong> areas and enable better comparability. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4522e5cf elementor-widget elementor-widget-heading\" data-id=\"4522e5cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Key Requirements of the ESRS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-287a770 elementor-widget elementor-widget-text-editor\" data-id=\"287a770\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Companies subject to <strong>CSRD reporting requirements<\/strong> must disclose their sustainability information according to clearly defined specifications. The most important requirements are: <\/p><ul><li><strong>Application of the <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/double-materiality-explained-simply\/\">principle of double materiality<\/a>:<\/strong> Companies must record and evaluate both the <strong>financial impacts<\/strong> of sustainability topics (<i>Financial Materiality<\/i>) and their <strong>impacts on the environment and society<\/strong> (<i>Impact Materiality<\/i>).<\/li><li><strong>Comprehensive ESG reporting:<\/strong> Reports must refer to <strong>Environment (E), Social Aspects (S), and Governance (G)<\/strong>.<\/li><li><strong>Integration into the management report:<\/strong> Sustainability information must in the future be part of the <strong>annual report<\/strong> and is thus subject to the same auditing requirements as <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/linking-the-csrd-and-financial-report\/\">financial reporting<\/a>.<\/li><li><strong>Mandatory disclosure of key figures:<\/strong> Companies must provide quantitative and qualitative information on sustainability goals, strategies, and risks.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e0bbb24 elementor-widget elementor-widget-heading\" data-id=\"5e0bbb24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The materiality assessment as a central element<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12046cbe elementor-widget elementor-widget-text-editor\" data-id=\"12046cbe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A crucial component of the <strong>European Sustainability Reporting Standards<\/strong> is the <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/create-a-materiality-analysis-according-to-csrd-in-4-steps\/\"><b>double<\/b> <strong>Materiality Assessment<\/strong><\/a> (DMA). Companies must identify which <strong>sustainability topics are relevant to their business model<\/strong>. <span style=\"text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-size: 1rem;\">The DMA is often used as a<\/span><a style=\"text-align: var(--text-align); font-size: 1rem; background-color: #f3f6f3;\" href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-materiality-analysis-strategic-tool-for-companies\/\"> strategic tool by companies<\/a> <span style=\"text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-size: 1rem;\"> <\/span><span style=\"text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-size: 1rem;\">used.<\/span><span style=\"text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-size: 1rem;\"> <\/span><span style=\"font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">A distinction is made between two perspectives:<\/span><\/p><ul><li><strong>Inside-out perspective:<\/strong> What impact does the company have on the environment and society?<\/li><li><strong>Outside-in perspective:<\/strong> Which sustainability risks and opportunities influence the company&#8217;s financial situation?<\/li><\/ul><p>Only topics classified as <strong>material<\/strong> must be dealt with in detail in the reports.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2720dcbd elementor-widget elementor-widget-heading\" data-id=\"2720dcbd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Content Structure of ESRS Reporting<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8abd1ba elementor-widget elementor-widget-text-editor\" data-id=\"8abd1ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Each thematic <strong>European Sustainability Reporting Standard<\/strong> (e.g., ESRS E1 for climate change or ESRS S1 for own employees) is structured according to a fixed scheme comprising four central reporting areas:<\/p><ol><li><strong>Strategy<\/strong> \u2013 Which sustainability aspects are relevant for the company?<\/li><li><strong>Policies<\/strong> \u2013 Which internal guidelines regulate these topics?<\/li><li><strong>Actions<\/strong> \u2013 What concrete measures does the company implement?<\/li><li><strong>Targets<\/strong> \u2013 What goals does the company pursue, and how is their achievement measured?<\/li><\/ol><p>This structure ensures that companies not only report on their sustainability performance but also define <strong>clear responsibilities, measures, and targets<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e90d42b elementor-widget elementor-widget-heading\" data-id=\"e90d42b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Strategy<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f6c17c elementor-widget elementor-widget-text-editor\" data-id=\"9f6c17c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">I<\/span><span style=\"font-size: 18px; font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-family: Roboto, sans-serif;\">n the first section of each thematic standard, the company must demonstrate how the respective sustainability topic is linked to its <\/span><strong style=\"font-size: 18px; font-style: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-family: Roboto, sans-serif;\">overall corporate strategy<\/strong><span style=\"font-size: 18px; font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3); font-family: Roboto, sans-serif;\">  is linked. Important questions are: <\/span><\/p><ul><li>What <strong>relevance<\/strong> does the topic have for the business model?<\/li><li>What <strong>risks and opportunities<\/strong> are associated with this topic?<\/li><li>How does the topic affect <strong>long-term value creation<\/strong>?<\/li><li>How are <strong>stakeholder expectations<\/strong> taken into account?<\/li><\/ul><p>Here, companies must also explain how the <strong>double materiality<\/strong> of the topic was assessed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d253a88 elementor-widget elementor-widget-heading\" data-id=\"d253a88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Policies<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-296dca7 elementor-widget elementor-widget-text-editor\" data-id=\"296dca7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Companies must state whether they have <strong>internal policies, codes of conduct, or corporate guidelines<\/strong> for the respective topic. These include: <\/p><ul><li>Official <strong>sustainability policies<\/strong><\/li><li><strong>Governance structures<\/strong> for ESG topics<\/li><li>Measures for <strong>compliance with regulatory requirements<\/strong><\/li><li>Commitments to <strong>international standards<\/strong> such as GRI or UN Global Compact<\/li><\/ul><p>If no policies exist, the company must provide a justification.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dca5d2 elementor-widget elementor-widget-heading\" data-id=\"6dca5d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Actions<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-665d664 elementor-widget elementor-widget-text-editor\" data-id=\"665d664\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This describes the <strong>concrete measures<\/strong> the company takes to implement its <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/developing-a-sustainability-strategy-the-practical-guide\/\">sustainability strategy<\/a>. These include: <\/p><ul><li><strong>Operational measures<\/strong> to reduce environmental impacts<\/li><li><strong>Programs for social sustainability<\/strong> (e.g., diversity, working conditions)<\/li><li><strong>Supply chain management<\/strong> and ESG risk management<\/li><li><strong>Investments in sustainable technologies or processes<\/strong><\/li><\/ul><p>Companies must explain what processes exist to monitor progress and minimize potential risks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcd2ede elementor-widget elementor-widget-heading\" data-id=\"fcd2ede\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Targets and Performance Indicators<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ab9ef8 elementor-widget elementor-widget-text-editor\" data-id=\"5ab9ef8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the last section, companies must state what <strong>concrete targets<\/strong> they are pursuing in the respective sustainability area and how they measure them. These include: <\/p><ul><li><strong>Clearly defined ESG targets<\/strong> (e.g., 30% reduction in CO\u2082 emissions by 2030)<\/li><li><strong>Indicators and KPIs<\/strong> for measuring success<\/li><li><strong>Methodology for progress review<\/strong> (e.g., annual reporting)<\/li><li><strong>Linkage with remuneration models or internal incentives<\/strong><\/li><\/ul><p>If no measurable targets have been set, this must be justified.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b986452 elementor-widget elementor-widget-heading\" data-id=\"b986452\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Reporting Obligations and Audit Procedures<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34a017d elementor-widget elementor-widget-text-editor\" data-id=\"34a017d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Compliance with the <strong>European Sustainability Reporting Standards<\/strong> is ensured by a <strong><a href=\"https:\/\/csr-tools.com\/en\/blog-en\/csrd-audit-everything-about-the-audit-of-the-sustainability-report\/\">mandatory external audit<\/a><\/strong>. Companies must ensure that: <\/p><ul><li>The double Materiality Assessment has been implemented in compliance with the law and stakeholder perspectives have been considered. <\/li><li>The <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/esrs-data-point-mapping-7-essential-tips-insights\/\">correct data points<\/a> have been disclosed and the sustainability information is <strong>comprehensible and verifiable<\/strong>.<\/li><li>Reporting is <strong>aligned with international standards<\/strong>.<\/li><li>The <strong>ESRS data is published in machine-readable format<\/strong> (XHTML, ESEF format) to enable digital evaluations.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68a35284 elementor-widget elementor-widget-heading\" data-id=\"68a35284\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Practical Implementation for Companies<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10382028 elementor-widget elementor-widget-text-editor\" data-id=\"10382028\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To comply with the <strong>European Sustainability Reporting Standards<\/strong>, companies should implement the following steps:<\/p><ol><li><strong style=\"font-style: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">Conducting a Materiality Assessment<\/strong><span style=\"font-style: inherit; font-weight: inherit; text-align: var(--text-align); background-color: var(--ast-global-color-4); color: var(--ast-global-color-3);\">: Evaluation of relevant ESG topics based on double materiality.<\/span><\/li><li style=\"font-size: 18px;\"><span style=\"font-weight: bold;\">Inventory and Gap Analysis<\/span>: Determination of existing sustainability data and gaps compared to ESRS requirements.<\/li><li><strong>Optimize data management and internal processes<\/strong>: Introduction of suitable IT systems for collecting and analyzing ESG data.<\/li><li><strong>Integration into the annual report<\/strong>: Sustainability information must be integrated into the management report.<\/li><li><strong>Prepare for external audit<\/strong>: Ensure that reporting standards and key figures are auditable.<\/li><\/ol><p>The ESRS place high demands on companies, but at the same time offer the opportunity to <strong>strategically integrate sustainability into the business model<\/strong> and position themselves for the future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e0ed0c8 elementor-widget elementor-widget-heading\" data-id=\"3e0ed0c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Requirements for the audit of reports<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b6b0384 elementor-widget elementor-widget-text-editor\" data-id=\"7b6b0384\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Independent audit<\/strong>: Sustainability reports must be checked by <strong>external, independent auditors<\/strong> to ensure that the disclosed information is <strong>correct, comprehensible and comparable<\/strong>.<\/li><li><strong>Limited Assurance<\/strong>: The audit must be carried out at least at the level of <strong>&#8220;Limited Assurance&#8221;<\/strong>, which means that the auditors carry out a <strong>limited review<\/strong> of the sustainability data provided and assess its plausibility.<\/li><li><strong>Reasonable Assurance<\/strong>: In the long term, an <strong>extended audit obligation<\/strong> at the level of <strong>&#8220;Reasonable Assurance&#8221;<\/strong> is planned. This would include a <strong>detailed and in-depth review<\/strong> of the sustainability information, similar to the audit of financial reports, in order to ensure even greater <strong>reliability<\/strong>. <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64a4e70d elementor-widget elementor-widget-heading\" data-id=\"64a4e70d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Transparency and public accessibility<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4af9c71b elementor-widget elementor-widget-text-editor\" data-id=\"4af9c71b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Publication in the European Single Access Point (ESAP)<\/strong>: Companies are obliged to publish their <strong>sustainability reports centrally in the ESAP<\/strong>. This is intended to create <strong>uniform and transparent access<\/strong> to ESG data within the EU so that investors, authorities and other stakeholders can <strong>easily view and compare<\/strong> them. <\/li><li><strong>Digital accessibility &amp; machine readability<\/strong>: Sustainability information must be <strong>digitally available<\/strong> and machine-readable in accordance with the <strong>XBRL taxonomy<\/strong>. This facilitates the <strong>automated processing, analysis and comparability<\/strong> of the reports, especially for financial institutions and supervisory authorities that need to efficiently evaluate large amounts of sustainability data. <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ea52ea6 elementor-widget elementor-widget-heading\" data-id=\"4ea52ea6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4. How do the ESRS differ from other sustainability standards?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e847606 elementor-widget elementor-widget-text-editor\" data-id=\"e847606\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards<\/strong> are not the only framework for sustainability reporting. Many companies have previously reported according to voluntary standards such as the <strong>Global Reporting Initiative (GRI), the IFRS Sustainability Standards, or the TCFD recommendations<\/strong>. But how do the ESRS differ from these existing frameworks, and what overlaps are there?  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bc7e206 elementor-widget elementor-widget-heading\" data-id=\"5bc7e206\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Comparison with other standards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5987af elementor-widget elementor-widget-html\" data-id=\"f5987af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n    .table-container {\n        width: 100%;\n        overflow-x: auto;\n        max-width: 100%;\n    }\n\n    table {\n        width: 100%;\n        border-collapse: collapse;\n        min-width: 600px;\n    }\n\n    th, td {\n        border: 1px solid #ddd;\n        padding: 12px;\n        text-align: left;\n    }\n\n    thead th {\n        background-color: #F5FFEA; \/* Light Green Background *\/\n        position: sticky;\n        top: 0;\n        z-index: 2;\n    }\n\n    tbody tr:nth-child(even) {\n        background-color: #f9f9f9;\n    }\n<\/style>\n\n<div class=\"table-container\">\n    <table>\n        <thead>\n            <tr>\n                <th>Standard<\/th>\n                <th>Publisher<\/th>\n                <th>Focus<\/th>\n                <th>Key Differences from ESRS<\/th>\n            <\/tr>\n        <\/thead>\n        <tbody>\n            <tr>\n                <td><strong>GRI (Global Reporting Initiative)<\/strong><\/td>\n                <td>GRI<\/td>\n                <td>Broad ESG reporting, globally recognized<\/td>\n                <td>ESRS are strongly based on GRI, but are mandatory and include additional EU-specific requirements.<\/td>\n            <\/tr>\n            <tr>\n                <td><strong>IFRS S1 &amp; S2 (International Sustainability Standards Board, ISSB)<\/strong><\/td>\n                <td>IFRS Foundation<\/td>\n                <td>Financial Materiality, focus on investors<\/td>\n                <td>ESRS follow the concept of <strong>Double Materiality<\/strong>, while IFRS only considers the financial perspective.<\/td>\n            <\/tr>\n            <tr>\n                <td><strong>TCFD (Task Force on Climate-Related Financial Disclosures)<\/strong><\/td>\n                <td>FSB<\/td>\n                <td>Climate-related financial risks<\/td>\n                <td>ESRS E1 adopts many TCFD requirements but goes further with binding provisions.<\/td>\n            <\/tr>\n            <tr>\n                <td><strong>EU Taxonomy<\/strong><\/td>\n                <td>EU Commission<\/td>\n                <td>Sustainable economic activities, financial market participants<\/td>\n                <td>The ESRS are closely linked to the EU Taxonomy and contain specific disclosure requirements for taxonomy-relevant activities.<\/td>\n            <\/tr>\n            <tr>\n                <td><strong>SFDR (Sustainable Finance Disclosure Regulation)<\/strong><\/td>\n                <td>EU Commission<\/td>\n                <td>Sustainability information for financial products<\/td>\n                <td>The SFDR primarily concerns financial market participants, while the ESRS affect companies across all sectors. Both regulatory frameworks complement each other. <\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aa0a99f elementor-widget elementor-widget-heading\" data-id=\"1aa0a99f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Are there overlaps or harmonization?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-235cfa17 elementor-widget elementor-widget-text-editor\" data-id=\"235cfa17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p>The <strong>European Sustainability Reporting Standards<\/strong> were designed to largely take existing standards into account to avoid multiple reporting. Important aspects of the <strong>GRI, IFRS, TCFD, and EU Taxonomy<\/strong> have been integrated into the ESRS: <\/p><ul><li><strong>GRI as a basis:<\/strong> The ESRS are strongly guided by the GRI methodology for sustainability reports. Companies that already report according to GRI can retain many existing structures. <\/li><li><strong>IFRS adaptation:<\/strong> While the IFRS Sustainability Standards S1 &amp; S2 primarily contain investor-relevant information, the ESRS combine <strong>financial and societal perspectives<\/strong> (Double Materiality).<\/li><li><strong>TCFD integration:<\/strong> The climate report according to <strong>ESRS E1<\/strong> contains many TCFD requirements, such as the disclosure of climate-related risks and opportunities.<\/li><li><strong><a href=\"https:\/\/csr-tools.com\/en\/blog-en\/eu-taxonomy-csrd-what-companies-need-to-know\/\">EU Taxonomy<\/a> and SFDR linkage:<\/strong> The ESRS adopt central Taxonomy criteria and ensure that companies report consistently on sustainable economic activities.<\/li><li><b>German Sustainability Code<\/b>: The DNK originally created its own standard for sustainability reporting. With the introduction of the CSRD, the DNK has transformed into a supporting service provider for the implementation of the ESRS. <\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7a32d5 elementor-widget elementor-widget-heading\" data-id=\"a7a32d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are the advantages of ESRS?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d158342 elementor-widget elementor-widget-text-editor\" data-id=\"d158342\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Compared to voluntary reporting standards, the <strong>European Sustainability Reporting Standards<\/strong> have several clear advantages:<\/p><ol><li><strong>Binding nature:<\/strong> While GRI, IFRS S1 &amp; S2, or TCFD can be used voluntarily, the ESRS are mandatory for all <strong>CSRD-obligated companies<\/strong>.<\/li><li><strong>Double Materiality:<\/strong> The ESRS require a more comprehensive analysis of a company&#8217;s impacts on the environment and society \u2013 not just financial risks.<\/li><li><strong>Uniform framework for the EU:<\/strong> The ESRS create a clear, legally binding reporting framework for companies operating in the EU.<\/li><li><strong>Avoidance of multiple reporting:<\/strong> Since the ESRS cover many international requirements, companies do not have to create several separate reports.<\/li><\/ol><p>While companies that already report according to GRI, TCFD, or <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/how-emas-makes-it-easier-for-you-to-meet-the-csrd-requirements\/\">EMAS<\/a> or have <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/how-iso-certifications-facilitate-compliance-with-the-esrs-csrd\/\">ISO certifications<\/a> can transfer many existing contents into ESRS reporting, the <strong>Double Materiality Assessment<\/strong> requires a deeper engagement with ESG topics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25384094 elementor-widget elementor-widget-heading\" data-id=\"25384094\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5. Where can I find further support for implementation?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaf4a39 elementor-widget elementor-widget-text-editor\" data-id=\"eaf4a39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The implementation of the <strong>European Sustainability Reporting Standards<\/strong> presents companies with a complex task. To make reporting efficient and compliant, there are numerous <strong>official guides, regulatory documents, and <a href=\"https:\/\/csr-tools.com\/en\/blog-en\/esrs-data-points-and-other-csrd-aids\/\">CSRD assistance<\/a><\/strong>. The following are central sources and contact points.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aba0074 elementor-widget elementor-widget-heading\" data-id=\"7aba0074\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Assistance and guidelines for implementation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4662a058 elementor-widget elementor-widget-text-editor\" data-id=\"4662a058\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.efrag.org\" target=\"_blank\" rel=\"noopener\"><strong>EFRAG (European Financial Reporting Advisory Group)<\/strong><\/a><br>The <strong>EFRAG<\/strong> is primarily responsible for the development of the <strong>European Sustainability Reporting Standards<\/strong>. On the <strong>EFRAG website<\/strong>, companies can find all official <strong>documents, guidelines, and explanations<\/strong> on the ESRS, as well as current developments in sustainability reporting. <\/p><p><strong>Guides and FAQs<\/strong>: <a href=\"https:\/\/www.efrag.org\/en\/projects\/esrs-implementation-guidance-documents\" target=\"_new\" rel=\"noopener\">EFRAG Implementation Guidelines<\/a><\/p><p><a href=\"https:\/\/ec.europa.eu\/info\/business-economy-euro\/banking-and-finance\/sustainable-finance_en\" target=\"_blank\" rel=\"noopener\"><strong>EU Commission<\/strong><\/a><br>The <strong>European Commission<\/strong> provides extensive information on the <strong>legal requirements of the CSRD<\/strong> as well as on the <strong>links between the ESRS and other EU regulations<\/strong> (e.g., the EU Taxonomy).<\/p><p><strong>Guidelines and reporting requirements<\/strong>: <a href=\"https:\/\/ec.europa.eu\/info\/publications\/210421-sustainable-finance-communication_en\" target=\"_new\" rel=\"noopener\">CSRD and ESRS<\/a><\/p><p><a href=\"https:\/\/www.ifrs.org\" target=\"_blank\" rel=\"noopener\"><strong>IFRS Foundation and ISSB (International Sustainability Standards Board)<\/strong><\/a><br>The <strong>IFRS Foundation<\/strong> and the <strong>International Sustainability Standards Board (ISSB)<\/strong> offer comprehensive information on global <strong>sustainability standards<\/strong> and their relation to the ESRS. These resources are particularly useful for companies that already report according to <strong>IFRS<\/strong> and wish to apply the ESRS as supplementary requirements. <\/p><p><a href=\"https:\/\/www.globalreporting.org\" target=\"_blank\" rel=\"noopener\"><strong>Global Reporting Initiative (GRI)<\/strong><\/a><br>The <strong>GRI<\/strong> provides <strong>guidelines<\/strong> for sustainability reporting that can help companies implement <strong>ESRS requirements<\/strong>, especially in integrating <strong>Double Materiality<\/strong>.<\/p><p><a href=\"https:\/\/www.fsb-tcfd.org\" target=\"_blank\" rel=\"noopener\"><strong>Task Force on Climate-related Financial Disclosures (TCFD)<\/strong><\/a><br>The <strong>TCFD<\/strong> provides recommendations for <strong>reporting climate-related risks<\/strong>. These recommendations are strongly incorporated into <strong>ESRS E1<\/strong> reporting, particularly on <strong>climate risks and opportunities<\/strong>. <\/p><p><strong><a href=\"https:\/\/csr-tools.com\/en\/\">CSR Tools <\/a><br><\/strong>We at CSR Tools are experts in all topics related to sustainability reporting according to CSRD and ESRS and offer numerous assistance options:<\/p><ul><li><a href=\"https:\/\/csr-tools.com\/nachhaltigkeitsbericht-template-fuer-kmus\/\">Sustainability Report Template for SMEs (ESRS VSME)<\/a><\/li><li><a href=\"https:\/\/csr-tools.com\/en\/materiality-analysis-template\/\">Excel template for carrying out the Materiality Assessment &amp; matrix<\/a><\/li><li><a href=\"https:\/\/materialitymaster.com\/de\/datapoints-mapping-tool\">Data Point Mapping<\/a><\/li><li><a href=\"https:\/\/csr-tools.com\/en\/esrs-iro-database-for-materiality-analysis\/\">ESRS IRO Database for Double Materiality Assessment<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b1914d elementor-cta--layout-image-above elementor-hidden-mobile elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"78b1914d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url(https:\/\/csr-tools.eu\/wp-content\/uploads\/Untitled-design-2-1024x173.png);\" role=\"img\" aria-label=\"Untitled design (2)\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tSmart tools for your CSRD reporting!  \t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tOur self-service solutions combine pragmatic simplicity with in-depth expert knowledge and make sustainability reporting quick and effective to implement.\n\n\ud83d\ude80 Discover the right CSR tools now!\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/csr-tools.com\/en\/products-services\/\">\n\t\t\t\t\t\tLet's go!\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b82a37 elementor-widget elementor-widget-heading\" data-id=\"3b82a37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">6. Frequently Asked Questions (FAQ) <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34558bb0 elementor-widget elementor-widget-n-accordion\" data-id=\"34558bb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8780\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8780\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 1. What are the European Sustainability Reporting Standards? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8780\" class=\"elementor-element elementor-element-1e256ef1 e-con-full e-flex e-con e-child\" data-id=\"1e256ef1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d5f0336 elementor-widget elementor-widget-text-editor\" data-id=\"5d5f0336\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>European Sustainability Reporting Standards (ESRS)<\/strong> are mandatory reporting standards for sustainability reporting according to the <strong>CSRD<\/strong>. They define which ESG information companies must disclose. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8781\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8781\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 2. Which companies do they apply to? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8781\" class=\"elementor-element elementor-element-57bc15f9 e-con-full e-flex e-con e-child\" data-id=\"57bc15f9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d58a7f elementor-widget elementor-widget-text-editor\" data-id=\"6d58a7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS apply to companies that fall under the <strong>CSRD reporting obligation<\/strong>. Implementation will be staggered:<\/p><ul><li><strong>From 2024:<\/strong> Large listed companies (&gt;500 employees).<\/li><li><strong>From 2025:<\/strong> All other large companies.<\/li><li><strong>From 2026:<\/strong> Capital market-oriented SMEs (with possible deferral until 2028).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8782\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8782\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 3. What are the objectives of the ESRS? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8782\" class=\"elementor-element elementor-element-5b9f1cc3 e-con-full e-flex e-con e-child\" data-id=\"5b9f1cc3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f02a65e elementor-widget elementor-widget-text-editor\" data-id=\"4f02a65e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS apply to large companies <strong>from the 2024 financial year<\/strong>. <strong>Listed SMEs<\/strong> have a transitional period until <strong>2026<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8783\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8783\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 4. What is the difference between CSRD and ESRS? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8783\" class=\"elementor-element elementor-element-6e654c1a e-flex e-con-boxed e-con e-child\" data-id=\"6e654c1a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-37ed1973 elementor-widget elementor-widget-text-editor\" data-id=\"37ed1973\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>CSRD<\/strong> determines <strong>who<\/strong> must report.<br>The <strong>ESRS<\/strong> specify <strong>what<\/strong> and <strong>how<\/strong> must be reported.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8784\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8784\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 5. Which ESG topics do the ESRS cover? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8784\" class=\"elementor-element elementor-element-2ff48687 e-flex e-con-boxed e-con e-child\" data-id=\"2ff48687\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50414859 elementor-widget elementor-widget-text-editor\" data-id=\"50414859\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS cover <strong>Environment (E)<\/strong>, <strong>Social (S)<\/strong>, and <strong>Governance (G)<\/strong> with specific standards on topics such as <strong>climate change, social responsibility, and corporate governance<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8785\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8785\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 6. What does \"Double Materiality\" mean? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8785\" class=\"elementor-element elementor-element-5df4064c e-flex e-con-boxed e-con e-child\" data-id=\"5df4064c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-10372a30 elementor-widget elementor-widget-text-editor\" data-id=\"10372a30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Companies must consider both:<\/p><ul><li>Their <strong>impacts on the environment &amp; society<\/strong> (inside-out) and<\/li><li>The <strong>financial risks from sustainability issues<\/strong> (outside-in).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8786\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8786\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 7. How must ESRS be structured for reporting? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8786\" class=\"elementor-element elementor-element-394448be e-flex e-con-boxed e-con e-child\" data-id=\"394448be\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-49c45f92 elementor-widget elementor-widget-text-editor\" data-id=\"49c45f92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The reporting of each ESRS follows a uniform structure:<\/p><ol><li><strong>Strategy<\/strong> \u2013 Relevance of the topic for the company<\/li><li><strong>Policies<\/strong> \u2013 Company policies and guidelines<\/li><li><strong>Actions<\/strong> \u2013 Measures and implementation strategies<\/li><li><strong>Targets<\/strong> \u2013 Sustainability goals and key figures<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8787\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8787\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 8. How are the ESRS related to other standards? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8787\" class=\"elementor-element elementor-element-7959d884 e-flex e-con-boxed e-con e-child\" data-id=\"7959d884\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f85bb2b elementor-widget elementor-widget-text-editor\" data-id=\"4f85bb2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ESRS are aligned with <strong>GRI, IFRS S1 &amp; S2, TCFD, and the EU Taxonomy<\/strong> to avoid multiple reporting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8788\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"9\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8788\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 9. Is there an external audit requirement for ESRS reports? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8788\" class=\"elementor-element elementor-element-3a40beeb e-flex e-con-boxed e-con e-child\" data-id=\"3a40beeb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2acf01ae elementor-widget elementor-widget-text-editor\" data-id=\"2acf01ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Yes, sustainability reports must be audited by an <strong>external auditor<\/strong>, similar to financial reports.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8789\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"10\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8789\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 10. Where can I find official guidelines for implementing the ESRS? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-sort-down\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8789\" class=\"elementor-element elementor-element-4fa4df35 e-flex e-con-boxed e-con e-child\" data-id=\"4fa4df35\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f3527d8 elementor-widget elementor-widget-text-editor\" data-id=\"7f3527d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>EFRAG<\/strong> is primarily responsible for the development of the ESRS. <br><strong>EFRAG Website<\/strong>: <a href=\"https:\/\/www.efrag.org\" target=\"_blank\" rel=\"noopener\">https:\/\/www.efrag.org<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d6088af e-flex e-con-boxed e-con e-parent\" data-id=\"5d6088af\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-66f7fecc elementor-widget elementor-widget-heading\" data-id=\"66f7fecc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7. Blog posts on ESRS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-415ade07 e-con-full e-flex e-con e-child\" data-id=\"415ade07\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a937602 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1a937602\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/csr-tools.com\/blog\/csrd\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-newspaper\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read all blog posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c7156f e-flex e-con-boxed e-con e-parent\" data-id=\"5c7156f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b265d62 elementor-widget elementor-widget-html\" data-id=\"3b265d62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe src=\"https:\/\/csrd.substack.com\/embed\" width=\"480\" height=\"320\" style=\"border:1px solid #EEE; background:white;\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a41f566 e-flex e-con-boxed e-con e-parent\" data-id=\"a41f566\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ESRS &#8211; brief and concise The European Sustainability Reporting Standards (ESRS) are a central component of the Corporate Sustainability Reporting [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5056,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-5120","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ESRS - CSR Tools<\/title>\n<meta name=\"description\" content=\"The European Sustainability Reporting Standards (ESRS) are a central component of the CSRD. 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