The European Sustainability Reporting Standards (ESRS) ESRS 2 General Disclosures require companies to report on their value chains. What is required? The undertaking shall disclose the elements of its strategy that relate to or impact sustainability matters, its business model and its value chain. ESRS, Strategy Disclosure Requirement SBM-1 – Strategy, business model and value […]
The Importance of Value Chains Read More »
Financial materiality is the second half of double materiality. What is it? Financial materiality involves identifying information that is considered material for primary users of general-purpose financial reports in making decisions relating to providing resources to the entity. Information is deemed financially material “…if omitting, misstating or obscuring that information could reasonably be expected to
Aspects of European Sustainability Reporting Standards (ESRS) – Continued Read More »
This is part one in a series of posts to come. In this and future posts, I want to highlight some of the major aspects of the European Sustainability Reporting Standards (ESRS). I will start with how the ESRS deal with materiality, which is fundamental to all sustainability reporting. What are the ESRS? The ESRS
Aspects of the European Sustainability Reporting Standards (ESRS) Read More »