Under the European Commission’s Corporate Sustainability Reporting Directive (CSRD), EU Sustainability Reporting Standards (ESRS) shall be adopted. The European Financial Reporting Advisory Group (EFRAG) was requested by Commissioner McGuinness to provide technical advice to the European Commission preparing draft standards.
The PRI has provided views and recommendations on sustainability reporting developments in Europe through consultation responses and public statements.
Under PRI’s Driving Meaningful Data programme, we are working with our signatories to engage on standard setting in the EU. So far this has included:
- PRI letter to the European Commission calling for maintaining the integrity and timeline for implementation of the CSRD and corresponding ESRS Set 1.
- PRI statement on draft European Sustainability Reporting Standards
- PRI consultation responses reflecting signatories’ views and the PRI’s own research
- A signatory briefing note summarising the ESRS Exposure Drafts
- An informative blog on the content of the provisionally agreed CSRD and ESRS Exposure Drafts, and next steps on the ESRS
- Technical discussions as part of PRI’s Corporate Reporting Reference Group
- PRI, Eurosif, IIGCC, EFAMA and UNEP FI investor sign-on statement on European Sustainability Reporting Standards
- PRI input on draft implementation guidance published by EFRAG.
For any queries about our work and engagement in this area, please contact [email protected].
