To comply with the Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464, amending Directive 2013/34/EU), the European Commission must adopt a set of standards that specify what information must be reported, including “at least the information financial market participants need in order to comply with the disclosure obligations of Regulation (EU) 2019/2088 (on sustainability related disclosures in the financial services sector)”.
Regulation (EU) 2023/2772 sets outs the European sustainability reporting standards (ESRS), specifically specifying the information that an entity must disclose about its material “impacts, risks and opportunity” in relation to environmental, social, and governance sustainability matters.
