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

Halkos, George and Aslanidis, Panagiotis-Stavros (2025): Integrating Environmental Economics into ESG Reporting in Europe: The environmental topic-specific cross-sector European Sustainability Reporting Standards (ESRS).

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).

• Item Type: MPRA Paper
• Language: English
• Keywords: CSR; ESG; CSRD; SDGs; European green deal.
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M14 - Corporate Culture ; Diversity ; Social Responsibility; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q50 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth

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