21.12.23
IIGCC has responded to the European Commission's consultation on the postponement of the sector-specific European Sustainability Reporting Standards (ESRS) under the Accounting Directive. The response emphasises that the ESRS is an essential component of the EU's sustainable finance framework, and that in the absence of mandatory sector-neutral standards, granular, sector-specific reporting for high impact sectors has become even more essential for investors. The response calls for a more rapid rollout of key sector standards that are already far advanced by EFRAG, as well as the need for closer and more transparent collaboration with investors.