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📣 SUSTAINABILITY'S 12 EFRAG has published the final drafts of the European Sustainability Reporting Standards (#ESRS) and handed them over to the European Commission. Based on the results, this is what you need to know for staring fresh into your sustainability work: 💡 The update shows major differences to the last version of April in: Better comparability to existing standards, reduced disclosure requirements and a clear definition of double materiality. 🌍 The package presents now 12 cross-sector sustainability standards - specified in general, environmental, social, and governance. 📣 The first companies will have to apply the standards in 2024. SMEs are obliged to report from 2026, with separate standards that EFRAG will develop next year. Plus, BIG news: Reporting on ESRS E1 "Climate Change" becomes mandatory for all companies, regardless of the results of the materiality analysis! Now’s the time for companies to prepare for upcoming disclosure requirements! Set up your climate data management with our Climate Intelligence Platform. Every company can be a climate champion!

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