EC’s draft delegated act on European Sustainability Reporting Standards (ESRS)

We have provided feedback to the European Commission’s (EC) draft delegated act on the first set of European Sustainability Reporting Standards (ESRS).

The European accountancy profession calls the EC to:

• align the ESRS with the International Sustainability Standards Board’s standards before adopting the delegated act, and
• ensure consistency between ESRS and other EU legislation (particularly the SFRD), which includes clarifying how to comply with other EU legislations’ mandatory requirements when the respective datapoints are subject to materiality in the ESRS reporting.

We have also included our technical analysis and detailed comments to all ESRS could serve the EC and EFRAG in providing guidance and improving the standards in the future.