Frameworks

There are several main ESG frameworks that are commonly used to assess a company's sustainability performance. Here are some of the most widely used frameworks:

GRI

Global Reporting Initiative (GRI): The GRI is a widely used ESG framework that provides guidelines for sustainability reporting. The GRI framework helps companies report on their sustainability practices in a consistent and transparent way.

TCFD

Task Force on Climate-related Financial Disclosures (TCFD): The TCFD is a framework that provides guidelines for companies to disclose information related to the financial risks and opportunities of climate change. The TCFD framework helps companies assess and report on their climate-related risks and opportunities.

CSRD/ESRS

CSRD stands for Corporate Sustainability Reporting Directive: It is a proposed EU directive aimed at enhancing and standardizing sustainability reporting requirements for companies operating within the European Union. The directive aims to improve transparency and comparability of corporate sustainability information, allowing stakeholders to make more informed decisions and promoting sustainable business practices.

ESRS = European Sustainability Reporting Standards, a crucial element of the CSRD, seeks to establish uniformity in ESG reporting across the European Union. These standards were approved by the European Financial Reporting Advisory Group (EFRAG) in 2022.