{"id":4149,"date":"2024-12-17T08:49:13","date_gmt":"2024-12-17T06:49:13","guid":{"rendered":"https:\/\/esghub.ro\/?p=4149"},"modified":"2026-08-17T21:55:22","modified_gmt":"2026-08-17T18:55:22","slug":"standards-csrd-corporate-sustainability-reporting-directive","status":"publish","type":"post","link":"https:\/\/esghub.ro\/en\/standarde-directiva-csrd-corporate-sustainability-reporting-directive\/","title":{"rendered":"STANDARD: Corporate Sustainability Reporting Directive (CSRD)"},"content":{"rendered":"

Corporate Sustainability Reporting Directive (CSRD)<\/strong><\/span><\/h2>\n

The CSRD sets out the European framework for sustainability reporting and has introduced a requirement to use the European Sustainability Reporting Standards (ESRS).<\/p>\n

In 2026, the CSRD framework was amended by Directive (EU) 2026\/470 Omnibus I<\/strong>, which narrowed the scope of mandatory reporting. For EU companies, the obligation laid down in the Accounting Directive applies primarily to undertakings that exceed both 1,000 employees<\/strong>, as well as a net turnover of 450 million euros<\/strong>, as well as groups that exceed these thresholds on a consolidated basis.<\/p>\n

Sustainability information is included in the directors\u2019 report and is subject to a limited assurance engagement, in accordance with the requirements of European legislation.<\/p>\n

European Sustainability Reporting Standards (ESRS)<\/h2>\n

The ESRS set out the sustainability information that companies falling within the scope of the CSRD must report.<\/p>\n

These cover the company\u2019s impact on people and the environment, as well as the sustainability risks and opportunities that may affect the company.<\/p>\n

The European Commission adopted on 3 July 2026<\/strong> a revised and simplified set of ESRS. The new standards significantly reduce the number of data points and simplify the application of materiality.<\/p>\n

How are ESRS structured?<\/h2>\n

The revised ESRS set comprises two cross-cutting standards<\/strong> and 10 thematic standards<\/strong>, grouped into the environmental, social and governance categories.<\/p>\n

Cross-curricular standards<\/h2>\n

These standards set out the general principles and requirements underpinning ESRS reporting:<\/p>\n

ESRS 1: General requirements<\/strong><\/p>\n

ESRS 1 sets out, amongst other things, the principles of dual materiality, the materiality of information, the scope of reporting and the rules concerning the value chain.<\/p>\n

ESRS 2: Presentations of general information<\/strong><\/p>\n

ESRS 2 sets out the general requirements concerning the reporting framework, governance, strategy and business model, the identification of impacts, risks and opportunities, as well as policies, actions, indicators and targets.<\/p>\n

Thematic standards<\/h2>\n

The thematic standards are applied in accordance with the material impacts, risks and opportunities identified by the company.<\/p>\n

Environment<\/h3>\n
    \n
  • ESRS E1: Climate change<\/strong><\/li>\n
  • ESRS E2: Pollution<\/strong><\/li>\n
  • ESRS E3: Water and marine resources<\/strong><\/li>\n
  • ESRS E4: Biodiversity and ecosystems<\/strong><\/li>\n
  • ESRS E5: Resource use and the circular economy<\/strong><\/li>\n<\/ul>\n

    Social<\/h3>\n
      \n
    • ESRS S1: Own labour force<\/strong><\/li>\n
    • ESRS S2: Workers in the value chain<\/strong><\/li>\n
    • ESRS S3: Affected communities<\/strong><\/li>\n
    • ESRS S4: Consumers and end users<\/strong><\/li>\n<\/ul>\n

      Governance<\/h3>\n
        \n
      • ESRS G1: Business conduct.<\/strong><\/li>\n<\/ul>\n

        Sectoral standards<\/h2>\n

        Sector-specific ESRSs are no longer part of the mandatory standardisation programme set out in the CSRD. <\/strong>Directive (EU) 2026\/470 removed the European Commission\u2019s mandate to adopt sector-specific ESRS standards. The decision aims to avoid the introduction of additional mandatory data points. Instead, the Commission may support companies through sector-specific guidance to facilitate the application of ESRS, including the identification of sustainability issues that may be material in a particular sector.<\/p>\n

        Consequently, the list of sectoral standards set out above for oil and gas, mining, transport, textiles, financial services, agriculture and other sectors should no longer be presented as a future category of mandatory ESRS standards.<\/p>\n

        Dual materiality<\/h2>\n

        ESRS reporting is based on dual materiality<\/strong>. The company identifies material impacts, risks and opportunities and, subsequently, the material information to be included in the sustainability statement. The fact that a topic is material does not automatically mean that all associated requirements and data points must be reported. The revised ESRS places greater emphasis on the materiality of the information<\/strong>, so that reporting focuses on the information needed to understand material impacts, risks and opportunities.<\/p>\n

        ESRS 2 sets out general disclosure requirements relating to, amongst other things, governance, strategy and business model, the process for identifying and assessing impacts, risks and opportunities, and information on policies, actions, indicators and targets. Where a material impact, risk or opportunity is not sufficiently covered by the thematic standards, the company must provide entity-specific information in accordance with the principles of ESRS 1.<\/p>\n

        Revised ESRS Statutes<\/h2>\n

        The European Commission adopted on 3 July 2026<\/strong> the delegated act amending Delegated Regulation (EU) 2023\/2772 as regards the simplification of the ESRS. The revised standards are scheduled to apply to financial years beginning on 1 January 2027 or later<\/strong>, with the option of early application for the 2026 financial year following the entry into force of the delegated act.<\/p>","protected":false},"excerpt":{"rendered":"

        Directiva CSRD (Corporate Sustainability Reporting Directive) Directiva CSRD stabile\u0219te cadrul european pentru raportarea informa\u021biilor privind sustenabilitatea \u0219i a introdus obliga\u021bia utiliz\u0103rii Standardelor Europene de Raportare privind Sustenabilitatea \u2013 ESRS. \u00cen 2026, cadrul CSRD a fost modificat prin Directiva (UE) 2026\/470 Omnibus I, care a redus domeniul de aplicare al raport\u0103rii obligatorii. Pentru companiile din UE, […]<\/p>\n","protected":false},"author":8,"featured_media":4114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":68,"footnotes":""},"categories":[91],"tags":[47,92],"class_list":["post-4149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-standarde","tag-esrs","tag-standarde"],"_links":{"self":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/comments?post=4149"}],"version-history":[{"count":3,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4149\/revisions"}],"predecessor-version":[{"id":10891,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4149\/revisions\/10891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media\/4114"}],"wp:attachment":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media?parent=4149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/categories?post=4149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/tags?post=4149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}