1. Accounting, Auditing, Actuarial
  2. EC - European Commission
  3. European sustainability reporting standards (ESRSs)
  4. 2023
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  1. European Sustainability Reporting Standard 1: General requirements (ESRS 1)
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Published date: 22 December 2023

European Sustainability Reporting Standard 1: General requirements (ESRS 1)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Applicable
 Objective (paras. 1-3)
1. Categories of ESRS Standards, reporting areas and drafting conventions (paras. 4-18)
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 1.1 Categories of ESRS standards (paras. 4-11)
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 1.2 Reporting areas and minimum content disclosure requirements on policies, actions, targets and metrics (paras. 12-13)
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 1.3 Drafting conventions (paras. 14-18)
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 2. Qualitative characteristics of information (paras. 19-20)
3. Double materiality as the basis for sustainability disclosures (paras. 21-57)
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 21.
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 3.1 Stakeholders and their relevance to the materiality assessment process (paras. 22-24)
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 3.2 Material matters and materiality of information (paras. 25-36)
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 3.3 Double materiality (paras. 37-42)
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 3.4 Impact materiality (paras. 43-46)
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 3.5 Financial materiality (paras. 47-51)
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 3.6 Material impacts or risks arising from actions to address sustainability matters (paras. 52-53)
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 3.7 Level of disaggregation (paras. 54-57)
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 4. Due diligence (paras. 58-61)
5. Value chain (paras. 62-72)
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 5.1 Reporting undertaking and value chain (paras. 62-67)
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 5.2 Estimation using sector averages and proxies (paras. 68-72)
6. Time horizons (paras. 73-81)
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 6.1 Reporting period (para. 73)
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 6.2 Linking past, present and future (para. 74)
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 6.3 Reporting progress against the base year (paras. 75-76)
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 6.4 Definition of short-, medium- and long-term for reporting purposes (paras. 77-81)
7. Preparation and presentation of sustainability information (paras. 82-109)
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 82.
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 7.1 Presenting comparative information (paras. 83-86)
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 7.2 Sources of estimation and outcome uncertainty (paras. 87-92)
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 7.3 Updating disclosures about events after the end of the reporting period (paras. 93-94)
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 7.4 Changes in preparation or presentation of sustainability information (para. 95)
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 7.5 Reporting errors in prior periods (paras. 96-101)
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 7.6 Consolidated reporting and subsidiary exemption (paras. 102-104)
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 7.7 Classified and sensitive information, and information on intellectual property, know-how or results of innovation (paras. 105-108)
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 7.8 Reporting on opportunities (para. 109)
8. Structure of the sustainability statement (paras. 110-117)
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 110.
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 8.1 General presentation requirement (para. 111)
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 8.2 Content and structure of the sustainability statement (para. 112-117)
9. Linkages with other parts of corporate reporting and connected information (paras. 118-129)
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 118.
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 9.1 Incorporation by reference (paras. 119-122)
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 9.2 Connected information and connectivity with financial statements (paras. 123-129)
10 Transitional provisions (paras. 130-137)
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 10.1 Transitional provision related to entity-specific disclosures (paras. 130-131)
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 10.2 Transitional provision related to chapter 5 Value chain (paras. 132-135)
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 10.3 Transitional provision related to section 7.1 Presenting comparative information (para. 136)
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 10.4 Transitional provision: List of Disclosure Requirements that are phased-in (para. 137)
Appendix A Application Requirements (paras. AR1-AR18)
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 Entity specific disclosures (paras. AR1-AR5)
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 Double materiality (paras. AR6-AR16)
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 Estimation using sector averages and proxies (para. AR17)
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 Content and structure of the sustainability statement (para. AR18)
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 Appendix B Qualitative characteristics of information (paras. QC1-QC20)
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 Appendix C List of phased-in Disclosure Requirements
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 Appendix D Structure of the ESRS sustainability statement
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 Appendix E Flowchart for determining disclosures under ESRS
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 Appendix F Example of structure of ESRS sustainability statement
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 Appendix G Example of incorporation by reference
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