WebNov 17, 2024 · The ISSB standard could be of more limited value for certain jurisdictions. It is quite different, for example, from the EU’s more ambitious ‘double materiality’ approach in its proposal for a Corporate Sustainability Reporting Directive (CSRD) and the mandate given to expert body EFRAG to draft detailed reporting standards. WebEFRAG is also developing sector-specific standards that will require companies operating in specific industries to provide additional disclosures. - Company-specific disclosures In addition, companies would need to identify material company-specific disclosures of impacts, risks and opportunities.
GRI - Interoperability between ESRS and GRI Standards …
WebEFRAG: Mandatory Requirements for Double Materiality On 25 November 2024, the EFRAG approved the first batch of EU Sustainability Reporting Standards (ESRS) . The … WebNov 24, 2024 · GRI has hailed the European Sustainability Reporting Standards (ESRS) as an important step towards implementing the Corporate Sustainability Reporting … smiley nails meridian idaho
Julian von Pressentin – Senior Consultant ESG - LinkedIn
WebJul 26, 2024 · The CSRD incorporates the concept of ‘double materiality’. This means that companies have to report not only on how sustainability issues might create financial risks for the company (financial materiality), but also on the company’s own impacts on people and the environment (impact materiality). WebJun 29, 2024 · The EU has fully embraced the concepts of impact and resilience being the two sides of the same coin and has embedded double materiality in its sustainable agenda. Consequently, EFRAG, in designing its ESRS, has taken a double materiality approach. WebMar 27, 2024 · The materiality exercise consists of identifying the most relevant and priority issues (economic, environmental, social and societal) that have a real impact on the achievement of the company’s strategic objectives and therefore on its sustainable performance (its risk management, its ability to generate and capture value); and on its … rita tinsman 7500 w 109th st worth ill