#Go4ESG – ESRS: European Sustainability Reporting Standards

#Go4ESG – ESRS: European Sustainability Reporting Standards

The European Union is continuing its efforts to increase corporate responsibility and improve sustainability. In this context, a new reporting standard called ESRS, or European Sustainability Reporting Standards, is being introduced. The ESRS aims to increase the transparency and credibility of information provided by companies on their social and environmental impacts. Companies are increasingly aware of the need to integrate social and environmental aspects into their business strategy, and the ESRS aims to facilitate and organize this process.

The main principles of the ESRS include:

  • Harmonization: The system aims to harmonize reporting standards across the European Union to enable comparability of information reported by companies.
  • Conscious reporting: The ESRS encourages companies to report information that is relevant to their operations.
  • Trans-border: the ESRS is a system that covers companies operating in different EU countries. This ensures consistency in reporting, regardless of the company’s location.
  • Verification: the ESRS also introduces mechanisms for verifying reported information.
  • Availability of information: ESRS reports will be publicly available, enabling the community, NGOs, researchers and other stakeholders to effectively monitor companies’ activities.

An important element of the ESRS is also to take into account the diversity of companies. The system provides flexibility, allowing companies to adapt their reporting to their industry, their specific operations and the context in which they operate. This allows companies to focus on the issues most important to their business and the community in which they operate.

The ESRS is of great importance for sustainability and corporate responsibility in Europe. The introduction of consistent standards for social and environmental reporting will contribute to greater transparency, reliability and comparability of information provided by companies. This will facilitate decision-making by investors, customers and consumers, who are increasingly paying attention to the social and environmental aspects of companies.

The introduction of this system is an important step for the European Union in achieving its sustainable development goals and in moving toward more responsible and ethical business throughout the EU.

What can Go4Energy do for you?

We offer advice to our clients on the CSDD and CSRD:

  • consulting on EU climate change regulations,
  • creation of non-financial reports for buildings and organizations,

We also support the implementation of ESG and sustainability activities:

  • building and organization carbon footprint calculations,
  • analysis of compliance with the EU Taxonomy for new buildings,
  • analysis of compliance with the EU Taxonomy for building renovations,
  • conducting an analysis of the impact of BREEAM, LEED and WELL certification on the Taxonomy,
  • decarbonization strategies,
  • developing a sustainability strategy adapted to a specific client,
  • identification and verification of compliance with the EU Taxonomy to confirm the sustainability of the investment in accordance with EU requirements for both existing and new buildings.
If you need support in the due diligence or non-financial reporting process, we invite you to contact us. Our experts will provide your organization with expert advice and support at every stage of the proces.

Author: Emilia Rogowska