In April 2021, the European Commission adopted a legislative proposal for a Corporate Sustainability Reporting Directive (CSRD) that requires companies within the scope to report using double materiality perspective in compliance with European Sustainability Reporting Standards (ESRS) adopted by the European Commission as delegated acts. Under the proposed CSRD, EFRAG was appointed technical adviser to the European Commission developing draft ESRS. On 23rd of November 2022, EFRAG delivers the first set of draft ESRS to the European Commission.

1. draft ESRS
European Sustainability
Reporting Standards
EFRAG delivers the first set of draft ESRS to
the European Commission on 23.11.2022
February 2023

2. Index
• ESRS first set of draft European Sustainability Reporting Standards
• ESRS Overview
• ESRS Architecture
• Cross-cutting standards
• Glossary
• Source
2 Feb 2023 draft ESRS European Sustainability Reporting Standards

3. ESRS first set of draft European Sustainability
Reporting Standards
3 Feb 2023 draft ESRS European Sustainability Reporting Standards
In April 2021, the European Commission adopted a legislative proposal for
a Corporate Sustainability Reporting Directive (CSRD) that requires
companies within its scope to report using a double materiality perspective in
compliance with European Sustainability Reporting Standards (ESRS)
adopted by the European Commission as delegated acts. Under the
proposed CSRD, EFRAG was appointed technical adviser to the European
Commission developing draft ESRS.
On 23rd of November 2022, EFRAG delivers the first set of draft ESRS to
the European Commission

4. ESRS Overview
4 Feb 2023 draft ESRS European Sustainability Reporting Standards
TARGTS
METRICS
Topical sector agnostic standards
ESRS E3
Water and marine
resources
ESRS E1
Climate change
ESRS E2
Pollution
ESRS E4
Biodiversity and
ecosystems
ESRS E5
Resource use &
circular economy
ESRS S2
Workers in the value
chain
ESRS S1
Own workers
ESRS S3
Affected
communities
ESRS S4
Consumers &
end users
ESRS G1
Business Conduct
Cross-cutting standards
ESRS 2 General disclosures
ESRS 1 General requirements
ENVIRONMENT
SOCIAL
GOVERNANCE

5. ESRS Architecture
5 Feb 2023 ESRS Overview on the draft European Sustainability Reporting Standards

6. Cross-cutting Standards
6 Feb 2023 draft ESRS European Sustainability Reporting Standards
TARGTS
METRICS
Cross-cutting standards
ESRS 2 General disclosures
• Materiality approach: Double Materiality
as the basis for sustainability
disclosures
• Due Diligence process to identify IROs
(impacts, risks and opportunities)
• Value chain: inclusion of material value
chain information
• Covers the reporting areas:
• Governance, Strategy, Impact Risks &
Opportunities
• For each material sustainability matter
disclose: Policies, Targets, Actions,
Metrics
ESRS 1 General requirements

7. Glossary
7 Feb 2023 ESRS Overview on the draft European Sustainability Reporting Standards
DEFINITION
ACRONYM
Corporate Sustainability Reporting Disclosure
CSRD
European Financial Reporting Advisory Group
EFRAG
European Sustainability Reporting Standards
ESRS
Global Reporting Initiative
GRI
International Financial Reporting Standards
IFRS
International Sustainability Standards Board
ISSB
The EU’s framework to facilitate sustainable investments (Regulation EU
2020/852)
EU TAXONOMY
The EU’s Sustainable Finance Disclosure Regulation (Regulation EU 2019/2088
SFDR

8. Source
• EFRAG, First Set of draft ESRS https://efrag.org/lab6
• EFRAG, Press release 23 November 2022 «EFRAG delivers the first set of draft
ESRS to the European Commission»
• EFRAG EDs on draft ESRS – Outreach event June/July 2022
• Osservatorio ESG n.152 «ESRS: principi europei di rendicontazione della
sostenibilità primo set di standard rilasciato da EFRAG il 23.11.2022»
https://www.aiaf.it/osservatorio-esg
• SFDR
https://eur-lex.europa.eu/legal-content/EN
• CSRD
https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_1806
8 Feb 2023 ESRS Overview on the draft European Sustainability Reporting Standards

9. Marianna Sorrente
EFFAS Certified ESG Essentials©
Email: m.sorrente@gmail.com
Linkedin.com/in/mariannasorrente
9 ESRS Overview on the draft European Sustainability Reporting Standards