Initial assessment of ESRS implementation

Here’s a note from Andreas Rasche:

EFRAG published an initial assessment of ESRS implementation in selected companies. Main findings in image below. Good that firms recognise the value of an evidence-based double materiality approach. Gaps are where expected: value chain mapping is often too simplified and datapoints not complete enough.

CSRD has also enhanced cross-departmental collaboration within firms, which shows the need for upskilling and also more robust ESG governance structures. In the end, CSRD/ESRS implementation is a leadership task…

The study only shows preliminary insights; it was focused on a few large companies across various sectors that had high levels of sustainability maturity and resources (n=28). As more companies come into CSRD scope, firms with fewer resources and less maturity are likely to experience the observed challenges in more intense ways.