Integrating Environmental Economics into ESG Reporting in Europe: The environmental topic-specific cross-sector European Sustainability Reporting Standards (ESRS)

George Halkos and Panagiotis-Stavros Aslanidis

MPRA Paper from University Library of Munich, Germany

Abstract: This report examines the interlinkages between the environmental topic-specific cross-sector European Sustainability Reporting Standards (ESRS) within the broader frameworks of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) principles. The environmental ESRS offer a structured approach for companies to assess and disclose their environmental impacts, risks, and opportunities (IROs), focusing on five key areas: (i) climate change, (ii) pollution, (iii) water and marine resources, (iv) biodiversity, and (v) resource use. These standards aim to enable transparent and comparable sustainability reporting across sectors while aligning corporate strategies with EU sustainability objectives. The integration of such standards can support companies’ efforts in implementing more effectively CSR initiatives and ESG performance; thus, fostering accountability, resilience, and long-term value creation. Ultimately, the interconnections between the environmental ESRS underscore the complexity and interdependence of environmental challenges, promoting a holistic approach to further achieve Sustainable Development Goals (SDGs).

Keywords: CSR; ESG; CSRD; SDGs; European green deal. (search for similar items in EconPapers)
JEL-codes: M14 Q01 Q50 Q56 (search for similar items in EconPapers)
Date: 2025-06-11
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124991

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