The Project Task Force on European sustainability reporting standards (PTF-ESRS) has prepared a detailed five-month status report outlining the progress to date for the elaboration of sustainability reporting standards following the recommendations of the PTF-NFRS
Following the request from the European Commission to start technical work building on the recommendations of the PTF-NFRS,
EFRAG is making substantial progress in developing draft European
sustainability reporting standards, while reforming its governance
structure. Read the full status report here.
The Project Task Force on European sustainability reporting standards (PTF-ESRS) has prepared a detailed five-month status report outlining
the progress to date for the elaboration of sustainability reporting
standards following the recommendations of the PTF-NFRS.
Progress to date includes:
mobilisation of multi-stakeholder resources (the 35 member PTF-ESRS
itself, 10 representatives of European public authorities, more than 30
FTE Secretariat and the 11 Expert Working Groups with 71 members).
organisation aiming at delivering a first set of draft standards
prepared in accordance with the ESG coverage requested by the CSRD
proposal and building on the recommendations of the PTF-NFRS.
- Cluster working papers (V0 draft and basis for conclusions) prepared on most topics by the end of 2021.
due process combining cluster work, consensus building and expert
input, under full transparency (status report, cluster working papers
made available when submitted to the PTF-ESRS ...).
- Public consultation expected to start early 2022.
and extensive discussions with key international initiatives in order
to build on and contribute to co-construction and convergence of
sustainability reporting standards.
Next steps are
expected to enable the PTF-ESRS to meet its objectives with a proper
hand-over to EFRAG’s sustainability reporting standards bodies as soon
Read the full PTF-ESRS status report here
© EFRAG - European Financial Reporting Advisory Group
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