EFRAG publishes sixth set of working papers on sustainability reporting standards

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21 Mar 2022

The Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG) has released one more working paper on the first draft standards on sustainability reporting.

After publication of six working papers in Batch 1, three working papers in Batch 2, one working paper in Batch 3, seven working papers in Batch 4, and two working papers in Batch 5, Batch 6 consists of the following two papers (all links to the EFRAG website):

The Cover Note explains that concepts, principles and some disclosure requirements that were initially included in other ESRS and also fundamental principles that were so far only addressed in ESRG were incorporated into ESRS 1:

  • some disclosure requirements about strategies and business model of an entity which provide context for their sustainability reporting so far part of ESRS 2,
  • certain disclosure requirements on the development of entity-specific disclosures and the quality of sustainability information so far part of ESRS 4,
  • and the entire ESRS 5 with definitions for policies, targets, action plans and resources (ESRS 5 is superseded by ESRS 1).

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