Standards & schemes
EFRAG / European Commission
In brief
The European Sustainability Reporting Standards are the mandatory reporting standards under the EU's Corporate Sustainability Reporting Directive, adopted as Delegated Regulation (EU) 2023/2772 (Set 1) and drafted by EFRAG. They define what in-scope companies must disclose across environment, social and governance topics — including climate (ESRS E1), workers (S1) and value-chain impacts — under the double-materiality principle: companies report both how sustainability issues affect them and how they affect people and environment. Reporting sits within the management report and is subject to assurance. Following the 2025–26 simplification agenda (the "omnibus" package), simplified ESRS and revised scope thresholds are in adoption, so which companies are in scope and on what timetable is a live legal question — always confirm against current EU law. The standards are intentionally interoperable: mappings to GRI and alignment work with the ISSB mean companies can serve multiple regimes from one reporting process. Assurance begins at limited level, with a pathway toward reasonable assurance as practice matures. Using this framework does not by itself verify data accuracy, legal compliance or sustainability performance.
Conditional relationships
A relationship does not mean that the standard proves or validates every use of a claim.
Recognition & legal context
No reviewed law references are published.
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