EFRAG releases mapping of EMAS and ESRS to streamline sustainability reporting
European Financial Reporting Advisory Group (EFRAG) has published a paper detailing the synergies between the voluntary Eco-Management and Audit Scheme (EMAS) and the mandatory European Sustainability Reporting Standards (ESRS). The document demonstrates how EMAS-registered companies can leverage existing environmental data to fulfil ESRS requirements, potentially reducing duplication of efforts. EFRAG highlights that the EMAS management system can support ESRS environmental reporting, providing a framework for consistent data collection over multiple reporting cycles. This guidance aims to assist large companies subject to ESRS, with first reports due in 2025.