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

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  • Halkos, George
  • Aslanidis, Panagiotis-Stavros

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).

Suggested Citation

  • Halkos, George & Aslanidis, Panagiotis-Stavros, 2025. "Integrating Environmental Economics into ESG Reporting in Europe: The environmental topic-specific cross-sector European Sustainability Reporting Standards (ESRS)," MPRA Paper 124991, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:124991
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    References listed on IDEAS

    as
    1. Halkos, George & Aslanidis, Panagiotis-Stavros, 2024. "Reviewing environmental aspects under the scope of ESG," MPRA Paper 120298, University Library of Munich, Germany.
    2. Halkos, George E. & Aslanidis, Panagiotis Stavros C., 2023. "New circular economy perspectives on measuring sustainable waste management productivity," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 764-779.
    3. Halkos, George & Aslanidis, Panagiotis-Stavros, 2024. "Reviewing the integrated institutional framework for circular economy in the European Union," MPRA Paper 119774, University Library of Munich, Germany.
    4. Halkos, George E. & Aslanidis, Panagiotis – Stavros C., 2023. "Sustainable energy development in an era of geopolitical multi-crisis. Applying productivity indices within institutional framework," Resources Policy, Elsevier, vol. 85(PB).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CSR; ESG; CSRD; SDGs; European green deal.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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