The European Sustainability Reporting Standards and Opportunities for Financial Services
Owens, Steven (2025) The European Sustainability Reporting Standards and Opportunities for Financial Services. University of Strathclyde, Glasgow. (https://doi.org/10.17868/strath.00092211)
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Abstract
This white paper introduces the European Sustainability Reporting Standards (ESRS), which underpin the Corporate Sustainability Reporting Directive (CSRD); a core component of the EU’s Sustainable Finance Framework. It introduces the key concepts of the standards, and breaks down the disclosure requirements of cross-cutting and topical standards, such as biodiversity and ecosystems so that: 1.Corporations have a better understanding of what they must produce to adhere to the standards; and 2.Financial Services have a better understanding of what metrics they will have available to them to better assess risk, develop new financial products and ease their own disclosure requirement burden, through a direct mapping of the ESRS-SFDR only datapoints provided in Annex A. 3.Prepares the reader for the data mapping of White Paper 3: Mapping ESRS Disclosure Datapoints to Relevant Datasets in the series, where specific topics and datapoints are mapped directly to relevant datasets that can be used as part of their analysis. A key learning is that the ESRS disclosures will be provided in digitally tagged format, eXtensible Business Reporting Language (XBRL), simplifying reporting and presenting new opportunities across the Financial Services sector, such as enhanced investment analysis, including aggregation of sector/country level data and automated analysis, or integration into traditional analysis workflows.
ORCID iDs
Owens, Steven
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Item type: Report ID code: 92211 Dates: DateEvent27 February 2025Published13 February 2025SubmittedSubjects: Social Sciences > Finance
Geography. Anthropology. Recreation > Environmental SciencesDepartment: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 27 Feb 2025 12:51 Last modified: 13 Mar 2025 16:11 URI: https://strathprints.strath.ac.uk/id/eprint/92211