​​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:

• EU-wide 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).
• Cluster 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.
• Robust 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.
• Cooperation and extensive discussions with key international initiatives in order to build on and contribute to co-construction and convergence of sustainability reporting standards.