Europe – The revised draft of the ESRS (European Sustainability Reporting Standards) has been published.
The first set of the European Sustainability Reporting Standards supplements the CSRD, which requires listed companies and large companies meeting specific criteria to disclose sustainability information.
This first delegated act sets out cross-cutting standards and standards for the disclosure of environmental, social, and governance information.
Next steps: This draft has not yet been adopted or approved by the European Commission. The draft act is now open for feedback for 4 weeks – until July 7. Adoption by the Commission is scheduled for the second quarter of 2023.
View the draft here.
Update: The ESRS have been adopted by the European Commission on July 31, 2023. Read more here.