European Sustainability Reporting Standards (ESRS)
Definition
The European Sustainability Reporting Standards (ESRS) are a set of reporting guidelines and standards introduced under the Corporate Sustainability Reporting Directive (CSRD). These standards aim to enhance corporate transparency and accountability by requiring listed and large companies to disclose information related to environmental, social, and governance (ESG) issues.
Double Materiality Principle: ESRS align with the "double materiality" principle, which means that reporting entities are obligated to report on both financial materiality (how ESG issues affect financial risks and opportunities) and impact materiality (how ESG issues impact people and the environment). This approach acknowledges the interconnectedness of financial and non-financial aspects in corporate reporting.
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
