Implications of ESRSs Implementations in Sustainability Consulting Practice

Climate change is a pressing global challenge that drives sustainability legislation development and enforcement, making sustainability reporting mandatory in addressing it. EC adopted CSRD in 12.2022 and ESRS in 06.2023. 12 ESRSs cover general principles for sustainability reporting, overarching disclosure requirements, and specific disclosure requirements focused on 10 environmental (ESRS E1–E5), social (ESRS S1–S4), and governance (ESRS G1) topics. This paper has used case study in the context of sustainability consulting practice to explore the impact the adoption of ESRSs has on existing corporate data harvesting and reporting processes and project-related sustainability assessment tools. The way forward to achieve compliance with EU regulations is further outlined.