{"id":4149,"date":"2024-12-17T08:49:13","date_gmt":"2024-12-17T06:49:13","guid":{"rendered":"https:\/\/esghub.ro\/?p=4149"},"modified":"2025-01-11T20:59:37","modified_gmt":"2025-01-11T18:59:37","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":"<h2 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><strong>Corporate Sustainability Reporting Directive (CSRD)<\/strong><\/span><\/h2>\n<ul>\n<li><strong><span style=\"color: #000080;\">Adopted by the European Union in order to establish uniform rules for non-financial reporting within the EU.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000080;\">The new directive contributes to a standardisation of reporting and a significant improvement in transparency among European companies.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000080;\">In addition, non-financial information will be included in companies' annual reporting, which will be subject to verification by auditors.<\/span><\/strong><\/li>\n<\/ul>\n<h2><strong><span style=\"color: #000080;\">European Sustainability Reporting Standards (ESRS)<\/span><\/strong><\/h2>\n<p><span style=\"color: #000080;\">It is a set of standards setting out what sustainability information a company must provide under EU law.<\/span><br \/>\n<span style=\"color: #000080;\">These standards specify the information that a company should disclose about its key impacts, risks and opportunities in relation to environmental, social and governance sustainability issues.<\/span><\/p>\n<h2><strong><span style=\"color: #000080;\">ESRS fall into three main categories:<\/span><\/strong><\/h2>\n<h2><span style=\"color: #008000;\"><strong>General Standards<\/strong><\/span><\/h2>\n<p><strong><span style=\"color: #000080;\">These refer to general requirements and information that are valid for all companies<\/span><\/strong><\/p>\n<ul>\n<li><strong><span style=\"color: #000080;\"><a href=\"https:\/\/esghub.ro\/en\/esrs-standard-1-general-requirements-fundamental-basis-for-reporting\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">E<\/span><span style=\"color: #0000ff;\">SRS 1: General Requirements <\/span><\/a><span style=\"color: #ff0000;\">(CLICK on the title for more details)<\/span><\/span><\/strong><\/li>\n<li><a href=\"https:\/\/esghub.ro\/en\/esrs-2-general-information-presentations\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS 2: General Information Submissions <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><\/li>\n<\/ul>\n<h2><span style=\"color: #008000;\"><strong>Thematic Standards<\/strong><\/span><\/h2>\n<p><strong><span style=\"color: #000080;\">They address specific sustainability themes and are sector-independent.<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #ff00ff;\"><strong>Environment<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-standard-e1-climate-change\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS E1: Climate Change <\/span><\/span><\/strong><\/a><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\">(CLICK on title for details)<\/span><\/span><\/span><\/strong><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-e2-pollution\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS E2: Pollution <\/span><\/span><\/strong><\/a><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\"><span style=\"color: #ff0000;\">(CLICK on title for details)<\/span><\/span><\/span><\/strong><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-e3-water-and-marine-resources\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS E3: Water and Marine Resources <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-e4-biodiversity-and-ecosystems\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS E4: Biodiversity and Ecosystems <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><br \/>\n<strong><span style=\"color: #000080;\">ESRS E5: Resource Utilisation and Circular Economy<\/span><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #ff00ff;\"><strong>Social<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-standard-s1-own-labour-force\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS S1: Own Labour Force <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-standard-s2-value-chain-workers\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS S2: Value Chain Workers<\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong> (CLICK on title for details)<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-s3-standard-affected-communities\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS S3: Affected Communities <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><br \/>\n<a href=\"https:\/\/esghub.ro\/en\/esrs-s4-consumers-and-end-users\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #000080;\"><span style=\"color: #0000ff;\">ESRS S4: Consumers and End Users <\/span><\/span><\/strong><\/a><span style=\"color: #ff0000;\"><strong>(CLICK on title for details)<\/strong><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #ff00ff;\"><strong>Governance<\/strong><\/span><br \/>\n<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/esghub.ro\/en\/esrs-g1-professional-behaviour\/#elementor-toc__heading-anchor-6\" target=\"_blank\" rel=\"noopener\"><strong>ESRS G1: Professional Behaviour<\/strong><\/a><strong><span style=\"color: #ff0000;\"> (CLICK on title for details)<\/span><\/strong><\/span><\/li>\n<\/ul>\n<h2><span style=\"color: #008000;\"><strong>Sectoral Standards<\/strong><\/span><\/h2>\n<p><span style=\"color: #000080;\">They apply to all companies in a given sector and address the topics that are most relevant to that sector (oil and gas industry; mining, quarrying and coal mining; road transport; textiles, accessories, footwear and jewellery; financial institutions; agriculture, livestock and fishing; motor vehicles; energy production and utilities; food and drink industry). <\/span><\/p>\n<p><span style=\"color: #000080;\">As of December 2024, these standards have not yet been developed by EFRAG (European Financial Reporting Advisory Group).<\/span><\/p>\n<p><span style=\"color: #000080;\">A timetable for the specific standards, together with an indication of the phase of development, is available on the EFRAG website.<\/span><\/p>\n<h2><span style=\"color: #ff0000;\"><strong>What is important to know for a company that wants to comply?<\/strong><\/span><\/h2>\n<ul>\n<li><span style=\"color: #3338cc;\"><strong>Irrespective of their materiality assessment, companies must always comply with ESRS 2.<\/strong><\/span><\/li>\n<li><span style=\"color: #3338cc;\"><strong>In addition, information on IRO-1 (Impact, Risk and Opportunity) is needed in the ESRS thematic standards.<\/strong><\/span><\/li>\n<li><span style=\"color: #3338cc;\"><strong>If a sustainability aspect is considered significant, specific information should be provided in accordance with the relevant ESRS and, where appropriate, additional company-specific information.<\/strong><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"color: #000080;\">Read the original CSRD Directive below. <\/span><\/strong><\/h2>","protected":false},"excerpt":{"rendered":"<p>Directiva CSRD (Corporate Sustainability Reporting Directive) Adoptat\u0103 de c\u0103tre Uniunea European\u0103 cu scopul de a stabili reguli uniforme pentru raportarea non-financiar\u0103 \u00een cadrul UE. Noua directiv\u0103 contribuie la o uniformizare a raport\u0103rii \u0219i o \u00eembun\u0103t\u0103\u021bire semnificativ\u0103 a transparen\u021bei \u00een r\u00e2ndul companiilor europene. \u00cen plus, informa\u021biile non-financiare vor fi incluse \u00een raportarea anual\u0103 a companiilor, informa\u021bii [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":74,"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":4926,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4149\/revisions\/4926"}],"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}]}}