EFRAG publishes fourth set of working papers on sustainability reporting standards
04 Mar 2022
The Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG) has released seven more working papers on the first draft standards on sustainability reporting.
The papers reflect the current state of the standard-setting work carried out by the Task Force following the due process the PTF-ESRS has defined for itself.
After publication of six working papers in Batch 1, three working papers in Batch 2, and one working paper in Batch 3, Batch 4 consists of one paper on presentation, five papers on social matters, and one paper on the environmental topic biodiversity (all links to the EFRAG website):
- ESRS P1 Sustainability Statements
- ESRS S1 Own Workforce General Standard
- ESRS S4 Other work-related rights
- ESRS S5 Workers in the Value Chain
- ESRS S6 Affected Communities
- ESRS S7 Consumers and End-users
- ESRS E4 Biodiversity and Ecosystems standard
Again, the PTF emphasises that the publication of these working papers is to ensure a transparent process, there is, however, no public consultation at this point; this is planned for a later date, which, however, is not specified. However, an early analysis of the working papers might be helpful given that as early as June 2022 EFRAG will have to submit the drafts of its sustainability reporting standards to the European Commission.