The European Union Sustainability Reporting Standards (ESRS) are a set of EU compliance and disclosure requirements adopted on July 31, 2023 by the European Commission, to meet the requirements of the EU CSRD (Corporate Sustainability Reporting Directive).
lt will affect most companies doing business in Europe with a gradual phase in over the next years with the first wave of larger companies will start to report in 2024.
ESRS give companies have some freedom to decide what parts need to be reported according to their specific situation.
Having worked over 15 years with sustainability audits in supply chains we know that implementation will take time and it is not the total compliance that matters, it is the gradual improvements in relevant areas.
If you have sourcing or production in China start early and map your supply chain. Scandic Sourcing can provide a supply chain risk and materiality analysis. Our team of GRI certified auditors can design a a program that both clarifies current status and drives improvements in your supplier pool and give you real data for your sustainability report.