​The European Financial Reporting Advisory Group (EFRAG) has published its first three draft European Sustainability Reporting Standards (ESRS) Implementation Guidance documents for public feedback.

KERAMIDA has been closely following progress and updates related to the Corporate Sustainability Reporting Directive (CSRD) as it impacts many of our US-based and global clients. On December 22, 2023, EFRAG released the draft versions of its ESRS Implementation Guidance materials, covering the following crucial topics:

• Double Materiality

• Value Chain

• ESRS Datapoints

These materials are currently open for Public Consultation until February 2, 2024, and may undergo adjustments during this period.

The release of these materials by EFRAG aims to assist in understanding the most intricate concepts introduced by the ESRS, including:

1. Conducting a Credible Double Materiality Analysis

2. Gathering and Disclosing information on your Value Chain IROs

3. Visualizing the extensive list of datapoints to be reported in the General and Topical ESRSs.

To view all relevant information and documents on EFRAG’s official website: https://www.efrag.org/News/Public-471/Publication-of-the-3-Draft-EFRAG-ESRS-IG-documents-EFRAG-IG-1-to-3.

Please contact Dr. Becky Twohey, KERAMIDA’s Vice President of ESG Strategy, Planning and Reporting, for more information.