Cross-cutting standards* | ||
ESRS1 General principles | ESRS2 general, strategy, governance and materiality assessment disclosure requirements | |
Topical sector-agnostic standards* | ||
Environment |
Social |
Governance |
ESRS E1 Climate change |
ESRS S1 Own workforce |
ESRS G1 Business conduct |
ESRS E2 Pollution |
ESRS S2 Workers in the value chain |
|
ESRS E3 Water and marine resources |
ESRS S3 Affected communities |
|
ESRS E4 Biodiversity and ecosystems |
ESRS S4 Consumers and end-user |
|
ESRS E5 Resources use and circular economy |
*Already published |
To be released in June 2024:
Parameter |
ESRS |
GRI |
Reporting |
Mandatory |
Voluntary |
Comprehensiveness |
More comprehensive than GRI (Includes topics like climate change, biodiversity, human rights, and fair employment) |
Less comprehensive than ESRS |
Regulation |
Strictly regulated |
Not regulated |
Evaluate how well the business model and strategy comply with the shift to a sustainable economy under the Paris Climate Agreement Plan and help implement policies and due diligence process for the value chain.
EY teams can help identify ESGmaterial topics based on a stakeholder dialogue in accordance with the double materiality concept.
Perform an ESG risk and opportunities assessment, including risk appetite. Help integrate ESG risks to a company’s existing risk management process.
Help develop a net-zero strategy and carbon-reduction targets by leveraging climate scenario modelling tools.
Help identify roles and responsibilities of the governance bodies with regard to sustainability matters and risk management.
Help develop policies, targets action plans and resources for ESG material topics.
Help integrate ESG KPIs into a monitoring framework, including design methodology, definitions, data collection processes.
Support drafting of the ESG Integrated report.
Assess assurance readiness of data process flows and internal control activities so that your ESG information is assurance-ready.
EY ESG Compass is a comprehensive digital ecosystem that seeks to help organizations evaluate their ESG maturity levels and adapt a sector-specific strategy, using the power of analytics.
Read moreIntegrate ESG and sustainability into business strategy, and improve and communicate performance to stakeholders with help from EY teams.
Read moreThe EY climate and decarbonization services help businesses respond to the physical and transition risks associated with climate change, as well as advise on how to operate in new markets and regulatory environments related to carbon and renewable energy.
Read moreEY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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About EY
EY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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