Your ESG market insights

This article discusses how ESG reporting has evolved from a voluntary practice to a mandatory one, with Europe leading the way with regulations like the CSRD. It highlights the growing focus on detailed disclosures, including Scope 3 emissions, and the increased emphasis on social and governance metrics in addition to environmental factors.

An analysis by EFRAG of 656 companies reveals that EU firms are struggling with their first sustainability reports under the Corporate Sustainability Reporting Directive (CSRD). The article highlights wide variations in disclosure practices, with financial institutions submitting the lengthiest reports. Key findings include that most companies identify climate change, workforce issues, and business conduct as material, but few report on all ten topical ESRS standards.

This article provides a breakdown of the CSRD reporting timeline and criteria, explaining who needs to comply and when. It outlines the tiered system for different company sizes and mentions the "Omnibus Proposal" which recommends a new employee threshold and a reporting delay for some companies. The article also provides a five-step guide on how to prepare for CSRD compliance.

This article provides an in-depth look at proposed changes by EFRAG to the ESRS 1 standard, which outlines the general requirements for reporting under the CSRD. The proposed changes are aimed at simplifying the materiality assessment process, improving clarity, and promoting less granular reporting. The article also discusses how the standards are being aligned with international frameworks.