The definitive version of the 12 sustainability reporting standards that shape CSRD is now official. With the end of the review period by the co-legislators, this first series of 12 sector-specific ESRS providing for proportionate but comprehensive reporting on environmental, social and governance issues has now been integrated into the European legal framework. This article explains these standards in just a few minutes.
The 11th session of the UN Annual Forum on Business and Human Rights took place from the 28th to the 30th of November 2022, after two years of online sessions because of the COVID pandemic. The underlying theme for this year’s session was “Strengthening accountability to advance business respect for people and the planet in the next decade.”
12 sustainability reporting standards were proposed at the EFRAG General Assembly and approved by the European Commission in late November 2022. The content is intended to be more “material” and as consistent as possible with the ISSB. Additional sector-specific standards are forthcoming. The publication of the delegated acts for these standards is scheduled for June 2023. This article helps you understand these standards in a few minutes.