Draft European Sustainability Reporting Standards (ESRS)

The European Financial Reporting Advisory Group (EFRAG) was mandated by the European Commission to develop draft European Sustainability Reporting Standards (ESRSs). Draft ESRSs prepared by EFRAG's Project Task Force in the period between June 2021 and April 2022 were submitted for public consultation between April 30 and August 8, 2022. After this consultation EFRAG has presented in this report a first set of draft ESRSs to the European Commission for adoption.

The objective of this  report is to set out the general requirements that undertakings shall comply with when preparing and presenting sustainability-related information under the Accounting Directive as amended by the Corporate Sustainability Reporting Directive (CSRD).

The ESRS will be the standard of sustainability reporting that companies will have to adopt in the coming years according to the deadlines set for different categories of companies.