1. Background and objective of the amendments On July 31, 2025, EFRAG published an amended version of the European Sustainability Reporting Standards (ESRS) in the form of an exposure draft (hereinafter referred to as “ESRS ED”). The ESRS specify and detail the requirements of the CSRD (Corporate Sustainability Reporting Directive).In the accounting world, an exposure … Continued
The week of July 7, 2025, several documents were published in connection with the CSRD Omnibus procedure and its implementation in the German market. In this bulletin, we summarize the key points from the three most important documents. The publications are 1. First drafts of the ESRS Set 2 of the EFRAG SR TEG In … Continued
The Challenge As a capital market-oriented company with approximately 6,300 employees and USD 1.7 billion in annual turnover, Landis+Gyr was required to comply with Switzerland’s new non-financial reporting obligations (Swiss Code of Obligations Art. 964) regarding non-financial reporting for the financial year 2024. At the same time, the company was approaching the end of a … Continued
The European Commission (EC) tasked EFRAG with revising the ESRS in order to reduce the reporting burden while maintaining the core objectives of the Corporate Sustainability Reporting Directive (CSRD). EFRAG must submit a technical opinion by October 31, 2025. The report published on June 19, 2025, which we summarize here, contains an interim assessment. At … Continued
The Science Based Targets initiative (SBTi) plans to launch its Corporate Net-Zero Standard (CNZS) Version 2.0 in 2027. Companies worldwide are grappling with how to transform climate ambitions into measurable action. In this interview, we speak with Fernando Villasana, former Head of Sector Development at SBTi and now Senior Advisor at Sustainserv, about the most … Continued
Read more on Interroll in our Case Study – Efficient – and future-proof – ESG reporting at Interroll Holding AG with Workiva.
An SBTi target provides decision-makers with certainty and clear guidelines for the implementation of effective climate protection. In the AMAG Group, it supports the corporate transformation with the strategic goal of developing decarbonized mobility solutions. In 2024, the Science Based Targets Initiative (SBTi) exceeded the number of 10,000 companies that have committed to science-based climate … Continued
The Challenge Interroll Holding AG currently prepares its sustainability reporting on the basis of the GRI standards and the requirements of the Swiss Code of Obligations (OR 964). In light of the upcoming European requirements (CSRD/ESRS) aligned with the Omnibus Directive, the company was tasked with further developing its existing reporting processes. This included the … Continued
From GRI to ESRS: Sustainserv supports the Liechtensteinische Landesbank in implementing the new reporting requirements. Many companies are currently faced with the question of how existing GRI reporting can be meaningfully and efficiently converted into ESRS-compliant reporting – especially where reporting structures already exist but now need to be significantly expanded in terms of form … Continued
Read more on LLB in our Case Study – Liechtensteinische Landesbank (LLB) publishes first sustainability report in accordance with ESRS – based on GRI
The so-called Omnibus proposals by the European Commission—to delay and reduce sustainability reporting obligations (CSRD)—have caused considerable commotion and have been widely criticized. Yes, the Omnibus causes uncertainty. Yes, this process could have been handled differently. Yes, the waiting is annoying. What bothers me less is the political vagueness of the proposals, and more that … Continued
On February 26, 2025, the European Commission introduced the “Omnibus” package, proposing simplifications to regulations associated with the CSRD, CSDDD, and EU Taxonomy. The Omnibus Package contained several proposals, which are referred to as #80 and #81 in the jargon of the Brussels legislators, in accordance with their regulation numbering. #80, also known as “stop … Continued
The European Commission has adopted “Omnibus” packages of proposals designed to simplify EU rules and boost competitiveness. These packages aim to reduce administrative burdens by at least 25%, with a target of 35% for SMEs. The proposals cover sustainable finance reporting, sustainability due diligence, EU Taxonomy, the Carbon Border Adjustment Mechanism, and European investment programmes. … Continued
