The American Institute of Certified Public Accountants (AICPA), the Chartered Institute of Management Accountants (CIMA) and PwC have put together a course to help accounting and finance professionals comply with European Sustainability Reporting Standards (ESRS). The ESRS underpin the Corporate Sustainability Reporting Directive (CSRD), covering the full range of ESG issues – including climate change, biodiversity and human rights – and providing investors with information to understand the sustainability impact of portfolio companies. The standards also take into account disclosure requirements under the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI), aiming to ensure a high degree of interoperability between EU and global standards and to prevent dual reporting by companies. The course is compliant with the National Association of State Boards of Accountancy (NASBA) and offers three initial modules: introduction to cross-cutting standards (ESRS 1 and 2); introduction to environmental standards (ESRS E1–E5); introduction to social and governance standards (ESRS S1–S4 and G1). “We believe that knowledge on sustainability reporting, particularly on the requirements in Europe, will be essential for finance professionals within and outside of the European Union,” said Gabor Balazs, Corporate Reporting Services Partner at PwC Central and Eastern Europe. “PwC is proud to provide upskilling on this crucial topic – sharing insights and contributing to the increase of knowledge on this new frontier in corporate reporting.”
