Sustainability Reporting and Assurance

Introduction

The course introduces students to European Sustainability Reporting Standards (ESRS), which streamline reporting requirements for environmental, social and governmental matters.

Background. The Corporate Sustainability Reporting Directive (CSRD) went into force in early 2023 and will require companies to produce sustainability reports in accordance with ESRS. The first companies will need to apply the rules already in 2024 (reports will be published in 2025). The CRSD also requires an audit of the sustainability report. 

ESRS are produced and published by the European Financial Reporting Advisory Group (EFRAG). EFRAG submitted the first set of ESRS drafts to the European Commission in late 2022. At the time of drafting the course description, EFRAG has published 12 different ESRS drafts.

Course content

• Introduction to the CSRD
• ESRS 1
• ESRS 2
• ESRS G1 
• ESRS E1 to E5
• ESRS S1 to S4
• Sustainability assurance