20 May 2022

Drafts of the European Sustainability Reporting Standards (ED ESRS) published

The EFRAG has published the first set of draft standards on sustainability reporting (ED European Sustainability Reporting Standards, ED ESRS). The drafts and further consultation documents are available on the EFRAG website and can be commented on until 8 August 2022.

The thirteen draft standards are

  • two cross-cutting standards, which contain general requirements and principles,
  • five standards covering the environment,
  • four standards covering social matters and
  • two governance standards.

In addition, there are four documents with a total of 57 questions on the draft.

EFRAG is anticipating feedback on the following three key aspects:

  • The relevance
    (i) of the proposed architecture,
    (ii) implementation of the CSRD principles and
    (iii) the overall content of the individual drafts,
  • The possible options for prioritisation/gradual implementation of the ESRS,
  • The appropriateness of the individual disclosure requirements, which are prescribed in the individual drafts.

A second set with sector-specific and SME draft standards is to follow.