The European Sustainability Reporting Standards (ESRS) are a concrete translation of the CSRD and determines exactly what the sustainability reporting should look like.

The main purpose of these standards is to form a manual on how companies can get started with sustainability reporting. Companies should provide an answer to the following questions:

• What are your current and potential impacts, both positive and negative concerning the ESG aspects?
• What actions can you take to reduce, eliminate or prevent these impacts?
• What is your company’s contribution to a specific theme such as pollution?
• What plan of action is needed to become more sustainable?
• What risks and opportunities are associated with implementing such sustainability plan?

In the next video, we will explain what the ESRS exactly are and how you need to interpret them.