European Sustainability Reporting Standards E1: Climate Change

Transparent and consistent sustainability reporting

Over the last two decades, reporting standards and frameworks have been developed to enable organisations to provide sustainability-related information transparently and consistently. These sets of indicators define the key elements of sustainability reporting, including how sustainability-related information should be collected and presented.

A new era of sustainability reporting in the EU

Under the Corporate Sustainability Reporting Directive (CSRD), companies may now have to report on various environmental, social and governance matters. The European Sustainability Reporting Standards specify the detailed reporting requirements as set out by CSRD.

Intricacies of ESRS Environmental Standards explained

You’ll review the mandatory European Sustainability Reporting Standards (ESRS). Additionally, you’ll take a deeper look into ESRS E1, the first standard (of 5 environmental-related specific standards) focusing on climate change. ESRS is comprised of nine different disclosure requirements, encompassing everything from transition plans, targets as well as actions to take as part of those plans. ESRS E1 requires organizations to disclose their impacts (both positive and negative) on climate change and includes requirements on scope 1, 2 and 3.

The European Sustainability Reporting Standards E1: Climate Change learning path includes the following modules:

• ESRS E1 – Climate Change

Note: Additional courses covering the European Sustainability Reporting Standards will be released periodically, resulting in more learning options.

Who Will Benefit

• Accounting professionals who provide advisory services (including ESG matters) for clients and need to advise B&I clients on how to set up procedures to scope, identify, record and manage their sustainability strategy goals
• Accounting professionals who provide assurance services that may include sustainability information or data
• Accounting and finance professionals who prepare corporate reports, including sustainability-related financial information
• Accounting and finance professionals who recognize it is crucial to understand how to implement processes that help produce sustainability data or provide advisory services over sustainability strategies because they have a key role to play in driving sustainable strategic and operational decisions based upon data produced

Key Topics

• Transition plan for climate change mitigation and adaptation
• GHG emission reduction targets
• Decarbonization
• Integration with business strategy
• Scope 1, 2, and 3 emissions
• Base year disclosure
• Biogenic emissions
• Carbon credits
• Carbon pricing

Learning Outcomes

• Use the Disclosure Requirements in ESRS E1.
• Analyze the data points in the standard.
• Determine the scope of the standard.
• Choose the appropriate methods to calculate GHG emissions.
• Distinguish between the different emission types.

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