• Sustainability

What are the key changes to the management report by the CSRD and ESRS?

The following list contains some significant changes to the management report by the CSRD and ESRS:

  1. the management report is extended with a sustainability report;
  2. the sustainability report becomes a separate part of the management report, making it easy to find;
  3. the definition of sustainability from the CSRD focuses on three main themes: Environment, Social and Governance;
  4. detailed sustainability reporting standards, the ESRS, prescribe how to report;
  5. double materiality is the starting point of the report. The undertaking reports on the impact of sustainability factors on the undertaking and on the impact of the undertaking on the value chain, people, environment. The reporting addresses actual and potential impacts, and covers short-, medium- and long-term;
  6. an external accountant assesses the sustainability report;
  7. the sustainability report must be submitted in a digital format through the trade register at the Chamber of Commerce and must be made publicly available.

More information:

Questions CSRD & ESRS

Do you have questions about the CSRD, ESRS or are you missing a question in this list? Send us an e-mail and we will contact you as soon as possible. For technical questions, EFRAG has set up an ESRS Q&A platform (latest release of technical explanations: December 2024). Here you can submit a question, and also find answers to previously asked questions.

Questions regarding individual facts or circumstances will not be answered through these channels. For such questions, we recommend that you contact an advisor such as your company accountant.

Disclaimer

The SER and the DASB have put this questions and answers document together based on publicly available information at the time of publication. Although these questions have been answered with the utmost care, users of this document cannot be given any guarantees relating to the accuracy, topicality and completeness of the information displayed. The SER, the DASB and other parties related to this document cannot be held liable for the consequences of the use of the information from this document. This document does not represent the view of (EFRAG) or the European Commission, nor the SER or DASB.

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Sustainability