Subject: European Sustainability Reporting Standards (ESRS)

ESRS is a set of guidelines aimed at harmonizing sustainability reporting practices across European countries.

ESRS (European Sustainability Reporting Standards) are a framework that aligns with the requirements set forth by the Corporate Sustainability Reporting Directive (CSRD) for enhancing sustainability reporting practices across the European Union.

ESRS provide guidelines for reporting on environmental, social, and governance (ESG) aspects of business operations.

ESRS aim to harmonize sustainability reporting practices across Europe.

ESRS require companies to disclose only positive impacts of their operations on society and the environment.

Under the Corporate Sustainability Reporting Directive (CSRD), all large companies in the EU are required to disclose non-financial information, including environmental and social aspects, in their annual reports.

ESRS encourage companies to report on diversity and inclusion initiatives.

ESRS are primarily focused on financial reporting standards.

ESRS were developed in collaboration with stakeholders including businesses, investors, and non-governmental organizations (NGOs)