What Is a Living Wage Benchmark ? A Living Wage Benchmark is a data‑driven reference wage level that estimates the minimum income required for a worker to afford a decent standard of living in a specific country, region, or city. Unlike statutory minimum wages , living wage benchmarks are: Needs‑based , not politically negotiated Location‑specific Designed to cover basic but dignified living costs These benchmarks are widely used in ESG, human capital management, and suppl

What is ESRS? ESRS stands for European Sustainability Reporting Standards. They are the mandatory ESG reporting standards that companies must use under the EU’s Corporate Sustainability Reporting Directive (CSRD) . ESRS define what sustainability information companies must disclose, how, and with what level of rigor , covering environmental, social, and governance (ESG) topics. Brief History of ESRS 1. Origins (2019–2022) ESRS emerged from the European Green Deal and the

1. What is the CSRD? The Corporate Sustainability Reporting Directive (CSRD) is a landmark piece of European Union legislation that fundamentally changes how companies report on sustainability. It replaces the older Non-Financial Reporting Directive (NFRD) , significantly expanding the scope, detail, and rigor of reporting requirements. Its primary goal is to put sustainability reporting on par with financial reporting , ensuring investors and stakeholders have access to co