Consultation response

We have responded to the exposure drafts (EDs) on European sustainability reporting standards (ESRS) issued by EFRAG Project Task Force on ESRS.

Cross-cutting draft standards

Full responses:

  • ESRS 1 General principles ED (see our feedback to questions 1 – 38 in sections 1A, 1B and 1C)
  • ESRS 2 General, strategy, governance and materiality assessment disclosure requirements ED (see our feedback to question 39 in section 1C  and questions 1 – 22 in section 3A)

Environment draft standards

Full response:

  • ESRS E1 Climate change ED (see our feedback to question 40 in section 1C and questions 23 – 39 in section 3B)

High level feedback:

  • ESRS E2 Pollution ED (see our feedback to question 41 in section 1C)
  • ESRS E3 Water and marine resources ED (see our feedback to question 42 in section 1C)
  • ESRS E4 Biodiversity and ecosystems ED (see our feedback to question 43 in section 1C)
  • ESRS E5 Resource use and circular economy ED (see our feedback to question 44 in section 1C)

Social draft standards

Full response:

  • ESRS S1 Own workforce ED (see our feedback to question 45 in section 1C and questions 73 – 98 in section 3C)

High level feedback:

  • ESRS S2 Workers in the value chain ED (see our feedback to question 46 in section 1C)
  • ESRS S3 Affected communities ED (see our feedback to question 47 in section 1C)
  • ESRS S4 Consumers and end-users ED (see our feedback to question 48 in section 1C)

Governance draft standards

Full responses:

  • ESRS G1 Governance, risk management and internal control ED (see our feedback to question 49 in section 1C and questions 117 – 126 in section 3D)
  • ESRS G2 Business conduct ED (see our feedback to question 50 in section 1C and questions 127 – 138 in section 3D)

We have also written a letter to Commissioner McGuinness on the ESRS EDs available here.

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