EFRAG publishes fifth set of working papers on sustainability reporting standards
15 Mar 2022
The Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG) has released four 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, one working paper in Batch 3, and seven working papers in Batch 4, Batch 5 consists of two papers on social matters and two papers on governance (all links to the EFRAG website):
- ESRS S2 Own Workforce – Working Conditions
- ESRS S3 Own Workforce - Equal Opportunities
- ESRS G1 Governance, Risk Management and Internal Control
- ESRS G3 Business Conduct
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.
