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Following the public consultation on the Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting, EFRAG publishes today an aggregation of the comments received in a summary report together with messages from the EFRAG Board President, Jean-Paul Gauzès, addressing the due process during the interim work, the transition to the new governance structure, the due process of EFRAG’s financial reporting pillar and the cooperation with global sustainability reporting standard setters and initiatives.
EFRAG publishes a summary report of the comments received on Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting.
EFRAG Board’s President Jean-Paul Gauzès
provides his reactions on the main comments received and underlines
that a transparent and robust due process is essential to ensure that
future EU sustainability reporting standards are credible and developed
in the public interest. He provides messages on the due process during
the interim work, the transition to the new governance structure, the
due process of EFRAG’s financial reporting pillar and the cooperation
global sustainability reporting standard setters and initiatives.
This
report is not a formal feedback statement indicating how the comments
have been taken into account. A feedback statement will be published
when the EFRAG Administrative Board supported by its due process
committee, has reviewed all comments received and decided on the Due
Process Procedures for EU sustainability reporting standard setting
enhanced with the suggestions received.