The European Commission has asked the European Financial Reporting Advisory Group (EFRAG) to develop European Sustainability Reporting Standards (ESRS) that will underpin the forthcoming Corporate Sustainability Reporting Directive (CSRD), set to apply from 2024. See our open letter on CSRD here.
The wide range of organisations in scope of CSRD will be required to disclose in line with the mandatory ESRS being developed by EFRAG.
As part of this initiative, EFRAG published the first set of Exposure Drafts for public consultation in April 2022. The Exposure Drafts cover the full range of sustainability matters to be disclosed: environment, social, governance and cross-cutting standards.
On 8 August 2022, we submitted our response to the EFRAG consultation on draft European Sustainability Reporting Standards: ESRS E1 (Climate Change).
Disclaimer: This material was developed in collaboration with a number of IIGCC members but does not necessarily represent the views of the entire membership, either individually or collectively.