ESRS Report guide

Key benefits

Systematize

Get a structured overview of the entire reporting process and ensure that nothing is overlooked. The ESRS Report Guide helps you cover all relevant standards and indicators.

Structure

Centralize data collection for uniform and secure reporting. With all information collected in INSIKT, reporting becomes simple and transparent.

Delegate & involve

Streamline reporting by having each department contribute relevant data. INSIKT makes it easy for the entire organization to collaborate and keep the process in order.

Better understanding

Reduce uncertainty

Get rid of the uncertainty around which information needs to be reported, which standards apply, and how reporting should be structured to meet ESRS requirements.

Increased quality

Improve reporting

Make it easy to collect and process information from different parts of the organization and secure an overall coherent picture of the sustainability work.

Systematization

Ensure regulatory compliance

Ensure your reporting is in line with CSRD and ESRS requirements. INSIKT guides you through the standards and ensures that nothing important is missing for compliance.

Keep track

Review the ESRS standards with ease

With the ESRS report guide, you get access to a structure that makes it easy to keep track of where you are in the work, what remains, and which standards and indicators are relevant based on your materiality analysis. It ensures that no important components are omitted and that reporting is in line with CSRD requirements.

Engage the organization

Centralize data collection and reporting

With INSIKT, you can gather data from the entire organization in one place. This reduces complexity and the risk of errors in reporting. INSIKT also makes it easy for different departments to submit their respective data and for reporting managers to keep the entire reporting process in order.

Save time

Automated data collection and completion

Give INSIKT access to your business data and automate large parts of the sustainability reporting. By automating the collection of certain data sets and data points, you only need to complete the missing information. In this way, you can streamline reporting and reduce the need for manual work, which contributes to a more accurate and coherent report.

Get expert help

Strategic consulting with Hallvarsson & Halvarsson

Together with INSIKT and Hallvarsson & Halvarsson, you get everything you need to go from start to finish with your sustainability reporting. Hallvarsson & Halvarson helps you, among other things, with double materiality analysis and the production of sustainability reports.

Hallvarsson & Halvarsson

What is ESRS, and why is it important?

ESRS stands for European Sustainability Reporting Standards, developed by EFRAG, and serves as the EU’s framework for sustainability reporting. Its purpose is to ensure that companies disclose their sustainability impacts in a standardized, comparable, and transparent way.

The importance of ESRS lies in its role in supporting the EU’s transition to a sustainable economy by improving the flow of information on companies’ environmental, social, and governance (ESG) impacts. It also enables companies to demonstrate their commitment to sustainability, enhancing their reputation and relationships with customers and investors.

Which companies are subject to ESRS requirements?

Companies covered by the Corporate Sustainability Reporting Directive (CSRD) must comply with ESRS. This includes:

Large companies meeting at least two of the following criteria:
- More than 250 employees.
- Annual turnover exceeding €40 million.
- Total assets exceeding €20 million.
Listed companies, regardless of size.
Companies that are part of a larger group subject to CSRD.

It’s worth noting that small and medium-sized enterprises (SMEs) may also need to adhere to some ESRS requirements if they are publicly listed or part of a reportable group. Understanding these criteria helps businesses prepare in advance and avoid penalties.

What does double materiality mean in ESRS?

Double materiality is a core concept of ESRS, requiring companies to report from two perspectives:

Financial materiality: How sustainability issues, such as climate change, resource scarcity, or social factors, affect the company’s financial performance, assets, or operations.
Impact materiality: How the company’s activities impact the environment, society, and people, such as greenhouse gas emissions, effects on biodiversity, or working conditions in the supply chain.

Double materiality broadens the scope of reporting beyond traditional financial disclosures, compelling companies to reflect on both internal and external impacts. This helps identify key sustainability issues and prioritize actions and reporting focus effectively.

What areas does ESRS reporting cover?

ESRS reporting is divided into three main categories, covering all aspects of sustainability:

Environmental:
- Climate impact and greenhouse gas (GHG) emissions.
- Energy and resource use.
- Biodiversity and land use.
- Climate strategies, such as net-zero targets.
Social:
- Working conditions, health, and safety for employees.
- Diversity, equity, and inclusion.
- Human rights within the company and its supply chain.
Governance:
- Corporate governance structure and responsibilities.
- Anti-corruption and business ethics measures.
- Compliance with laws and regulations.

By addressing these areas, ESRS ensures a comprehensive view of a company’s sustainability efforts, helping to meet stakeholder and regulatory expectations.

How can we best prepare for ESRS reporting?

Preparing for ESRS reporting requires a structured approach. Here are the key steps:

Double Materiality Assessment: Start by identifying the most relevant sustainability issues for both your company’s operations and its external impacts. This may involve gathering data from various departments and stakeholders.
Data and Tools: Implement systems to collect and analyze sustainability data. Business intelligence (BI) tools can automate the process and ensure that data is accurate and traceable.
EU Taxonomy: Evaluate how your company’s activities align with the EU’s taxonomy for sustainable investments. This involves assessing economic activities against environmental criteria.
Training and Collaboration: Ensure that relevant employees are informed about ESRS requirements and foster collaboration across departments, such as finance, HR, and sustainability teams.
Leverage Standards: Use established frameworks like GRI, TCFD, or ISO 14001 to structure your reporting and ensure compliance with regulations.

With a clear plan, companies can efficiently meet ESRS requirements and use sustainability reporting as a strategic advantage.

ESRS Report Guide