To help comply with the European Union's Corporate Sustainability Reporting Directive (CSRD), you can use Workiva's ESG solution to disclose values in accordance with the European Sustainability Reporting Standards (ESRS). The ESRS enable accurate, consistent, and comparable ESG reporting for companies in the European Union (EU) — including EU-based subsidiaries of International companies — through:
- Cross-cutting standards with general requirements and disclosures that apply to all industries and sectors
- Topical standards with requirements and disclosures for specific ESG factors
Tip: For more information about the ESRS, refer to the European Commission's Q&A.
Review the ESRS in ESG Explorer
From the ESG Admin panel of ESG Explorer, you can choose to include the ESRS for your workspace.
After you enable the ESRS in ESG Explorer, you can browse and search its content. As you review the ESRS, note that the Standards include both disclosure and application requirements; disclosure requirements specify what to disclose, while application requirements specify how to report it.
Tip: If you have ESG Essentials, you may need to request ESRS for ESG Explorer from your Workiva Customer Success Manager (CSM).
Download the ESRS as a PDF
ESG Explorer provides only the text of the ESRS. For additional content, such as the formulas and tables required for reporting, you can download a portable document file (PDF) of the full ESRS as published by the European Commission. In ESG Explorer, browse to any ESRS content, and click Download original source files.
View a Standard's related TCFD content
The European Commission used the Task Force on Climate-related Financial Disclosures (TCFD) as a foundation for the ESRS climate disclosures to ease standardization. If your company has TCFD enabled in ESG Explorer, you can view a Standard's relationship with TCFD in Related. To review a Standard and its related TCFD content side-by-side, click Preview to view the related disclosure in the Preview panel.
Align the ESRS with ESG Program metrics
To help ensure you disclose values in compliance with CSRD, you can align Standards with ESG Program metrics. For example, to ensure you collect values for a Standard's application requirement, click Connect to program metric for the requirement in ESG Explorer, and select the metric that collects its value.
To help further ensure accurate data collection, you can include references to the ESRS from Metric details of the ESG Program metric:
- In Related ESG content, add the ESRS disclosure requirement or content the metric aligns with.
- In Reference attachments, upload the PDF with the formulas or tables required for reporting.