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EFRAG submits draft European Sustainability Reporting Standards to the European Commission
Publication date: 01 Dec 2022
us In brief INT 2022-18
On November 22, the European Financial Reporting Advisory Group (EFRAG) submitted the draft European Sustainability Reporting Standards (ESRS) to the European Commission, which represented a significant milestone in the development of sustainability reporting standards under the European Union’s Corporate Sustainability Reporting Directive (CSRD).
Concerns expressed during the public consultation on the proposed ESRS gave rise to substantial changes. The European Commission is expected to adopt the most recent drafts as final standards in June 2023.
For further information, refer to our In brief.
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