Sustainable Performance Measurement under the New European Regulation for Corporate Sustainability Reporting: What Will Be the Impact of the European Sustainability Reporting Standards (Beyond New KPIs)?

Abstract

In conclusion, the methodology employed in this paper provides valuable insights into the impact of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) on sustainable performance measurement and management control systems. Stakeholder engagement and a management approach are critical for successful implementation, ensuring transparency and decision usefulness. The expansion of data collection and IT infrastructure necessitates resource allocation and expertise. The combination of a thematic analysis of literature combined with the analysis of the new reporting framework allows for a comprehensive understanding of the requirements and implications of the CSRD and ESRS.