cleversoft group GmbH+49(0)89 288 51110
Open a Support Ticket Support
Join our newsletter
cleversoft navcleversoft nav
contact cleversoft
Join our newsletter

The landscape of sector-specific European Sustainability Reporting Standards (ESRS) and Environmental, Social, and Governance (ESG) standards is a blend of qualitative and quantitative reporting obligations. This new reporting standard is especially significant for companies not covered by the Non-Financial Reporting Directive (NFRD) entities. To ensure a smooth transition while maintaining the integrity of your reporting obligations, the ESRS includes a phase-in approach.


Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

The landscape of sector-specific European Sustainability Reporting Standards (ESRS) and Environmental, Social, and Governance (ESG) standards is a blend of qualitative and quantitative reporting obligations. This new reporting standard is especially significant for companies not covered by the Non-Financial Reporting Directive (NFRD) entities. To ensure a smooth transition while maintaining the integrity of your reporting obligations, the ESRS includes a phase-in approach. That is, a roadmap for the phased transition. In recognition of the unique nature of sector specific ESRS standards, as adopted by the European Commission in the draft regulation Ares(2023)4009405, the phase-in approach extends over multiple years for quantitative elements, providing businesses ample time to adapt and come up with trustworthy and liable numbers. Meanwhile, the qualitative reporting obligations remain consistent, offering a stable implementation for your ESG disclosures.

Roadmap of the phased transition

Source : European Presentation to EFRAG SRB explaining the draft regulation Ares(2023)4009405 

Examples for phase-in approach in Focus:

Value Chain Metrics (3 years): Your business has three years to progressively integrate value chain metrics into your reporting. This ensures a seamless transition and maintaining the quality of your ESG data.  

Quantitative Data on Financial Effects from Environment-Related Risks (3 years): Over a three-year period, your financial institution can gradually incorporate quantitative data related to environment-related risks, enhancing the accuracy and completeness of your disclosures. 

Indicators Concerning Non-Employees (1 year): For specific indicators related to non-employees, a one-year phase-in approach ensures that your business adapts swiftly while delivering comprehensive ESG reports. 

Would you like to know more about the phase-in reporting concept? cleversoft understands the intricacies of the transition. We are here to guide you through the entire process and to support you with the software solutions and services you need.  

Contact our team of experts today.