Our key takeaway: We described last year the European Commission’s plans for a Corporate Sustainability Reporting Directive (CSRD) which would reform the EU Non-Financial Reporting Directive (NFRD). We discussed that the European Financial Reporting Advisory Group (EFRAG) would develop new European sustainability reporting standards to underpin the Corporate Sustainability Reporting Directive (CSRD). These reporting standards are referred to as EU Sustainability Reporting Standards (ESRS). The time has come, and EFRAG has released the draft standards for consultation. Take a look and feed back – you have until 8 August 2022.
The European Financial Reporting Advisory Group (EFRAG) has released the following: ‘Cover Note for Public Consultation: Draft European Sustainability Reporting Standards’ (April 2022):