The Deloitte firms in the European Union have responded to the EFRAG consultation paper EFRAG Due Process Procedures on EU Sustainability Reporting Standard-Setting.

Our key messages are:

• We are generally supportive of the proposals.
• An inclusive consultation process and early sight of working documents is important.
• There is a need for the due process to organise connectivity between sustainability reporting and financial reporting work.
• Work and project plans should specify how they will take account of global sustainability reporting standard development and contribute to convergence of sustainability reporting standards at a global level.
• There is a need to clarify the role and remit of the consultative groups of stakeholders as they will have a critical role to play in providing diverse stakeholder views.
• There is a need to clarify that the EFRAG Sustainability Reporting Board has the final say on technical advice.

Please click to download our full comment letter below.

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