World Accounting Report
Europe update: August/September 2023
Sustainability reporting in the EU
The first tranche of European Sustainability Reporting Standards (ESRSs) was adopted by the European Commission on 31 July
2023. Unlike the ISSB's standards, the ESRSs cover environmental, social, and governance (ESG) issues, including climate change,
biodiversity and human rights, and they require companies to report on their impacts as well as on how they are affected by
the relevant matters.