Regulatory development on sustainability disclosures including the CSRD and ESRS

Be informed and updated on the evolving regulatory landscape of sustainability in the business context and disclosure requirements that reflect the latest regulatory changes

the evolving regulatory landscape for sustainability

Corporate sustainability disclosures are evolving from voluntary to mandatory requirements across geographies. The EU Corporate Sustainability Reporting Directive (CSRD) including the European Sustainability Reporting Standard (ESRS), which was adopted as an EU Commission Delegated Regulation on July 31, 2023, requires companies to provide sustainability disclosures on an annual basis. This regulation details the implementation requirements and reporting standards for sustainability reporting for all large and small companies operating in the EU (including those with headquarters in other parts of the world), starting in January 2024. This regulation is expected to affect more than 50,000 companies which will be required to comply according to a phased-in timeline.

In addition, voluntary disclosure recommendations and standards such as the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Taskforce on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD) have published standards, recommendations, and implementation guidances covering topics deemed material to impact companies, society and planet over the company's direct operations, upstream and downstream value chain(s).

As companies prepare to provide disclosure according to regulations and standards, guidance from organizations such as the Carbon Disclosure Project (CDP), Science-based Targets (SBTi), and the Greenhouse Gas Protocol (GHG protocol), among others, are relevant and important for compliance with reporting standards and alignment to the current best practice.


Consolidation of ESG standards continues with the development of GRI, ISSB and ESRS
With the arrival of the final standards of ISSB on June 26, the leading global sustainability standards-setting organizations have published the latest standards for sustainability disclosure by large companies and SMEs worldwide.
June 30, 2023
Sustainability Disclosures in the EU with the European Sustainability Reporting Standards (ESRS)
On June 9th, the European Commission launched the four-week period of public feedback on its draft Delegated Act for the first set of the ESRS (European Sustainability Reporting Standards) drafted by EFRAG. Following this feedback period, the Delegated Act is expected to be adopted by the Commission in the second to third quarter of 2023.
June 13, 2023
SEC’s draft climate disclosure rule and ongoing regulatory activities by states
In March 2022, the US Securities and Exchange Commission (SEC) released draft rules intended to enhance climate-related disclosures. These rules would require all registrants of SEC to include certain climate-related disclosures in their periodic reports, including the annual report.
April 20, 2023


The ESG App is a digital resource on the regulatory development and thematic topics in Sustainability. It is available for iOS/macOS (mobile and desktop) and Android (mobile) devices. We aim to help enhance awareness, relevance, and productivity of related work in climate/nature risk assessments, carbon/climate action, materiality, and related sustainability reporting.

New! CSRD Tool is a reporting tool for Corporate Sustainability Reporting Directive (CSRD). It is based on EU Commission Delegated Regulation (EU) 2023/2772 and includes over 1,200 disclosure data points of the CSRD organised by ESRS sections and disclosure requirements. References to the official regulation are included for verification.

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