CSRD requirements in accordance with European Sustainability Reporting Standards (ESRS)

The requirements for the CSRD are defined in accordance with the European Sustainability Reporting Standards (ESRS). According to the accounting directive through the CSRD, companies must report according to the principle of “double materiality”. This means that they must disclose both how they affect people and the environment and what financial risks and opportunities arise for the company as a result of social and environmental issues. The EFRAG proposal comprises the following twelve ESRS, which cover all key sustainability aspects.

Category	code	Title
Cross-divisional	ESRS 1	General requirements
Cross-divisional	ESRS 2	General information
Environment	ESRS E1	Climate change
Environment	ESRS E2	Environmental pollution
Environment	ESRS E3	Water and marine resources
Environment	ESRS E4	Biodiversity and ecosystems
Environment	ESRS E5	Resource utilization and circular economy
Social issues	ESRS S1	Own workforce
Social issues	ESRS S2	Workforce in the value chain
Social issues	ESRS S3	Communities concerned
Social issues	ESRS S4	Consumers and end users
Governance	ESRS G1	Corporate policy

Source: Questions and answers on the adoption of European standards for