The European Commission has just published a new paper, link found here, on helping large companies with their reporting obligations, highlighting the synergies between the new European Sustainability Reporting Standard (ESRS) and the Eco-Management and Audit Scheme (EMAS). 

One of the main benefits would be to help companies with their carbon reporting. EMAS-registered companies will be able to use existing data in the environmental statement in accordance with ESRS provision 121. In addition, the management system of EMAS can be a useful tool for companies falling within the scope of the ESRS, allowing them to produce reliable and consistent information over multiple reporting cycles. 

Patrick de Cambourg, EFRAG SRB Chair, stated:

“The release of the correspondence mapping between the ESRS and the European Commission marks a significant step in advancing environmental transparency in corporate reporting. The high level of commonality achieved between the ESRS and EMAS underscores our shared commitment to providing practical support to preparers and stakeholders on how to leverage their environmental management system in accordance with EMAS to report on ESRS. As Chair of the EFRAG SRB, I am pleased to see the culmination of our collaborative efforts with the European Commission in maximising consistency and providing clarity for market participants”