Working papers on the first draft standards on sustainability reporting have been released by the Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG).
The papers depict the current state of the standard-setting work conducted by the Task Force as a result of the due diligence process defined by the PTF-ESRS itself.
The cover note, alongside the set of working papers, indicate the planned architecture and structure of the standards, offers a draft index for the European Sustainability Reporting Standards — appendix 1 and grants permission to pour over the individual working papers — appendix 2. Four cross-cutting standards (of a total of five), two conceptual guidelines (of a total of six) and the ESRS E1 Climate change. ARE covered by the drafts in the working papers published today. Other working papers will be published in two further batches within the next weeks as additionally set out in the cover note.
EFRAG stresses that the publication of the working papers is to guarantee a clear and transparent process, it is not a public consultation. A future consultation is mentioned, however, no date is given.
Access the cover note linking to the working papers on the EFRAG website.
Source: IAS Plus