2 February 2024 — Consultation Response
We have responded to EFRAG’s draft IG 2 Value Chain Implementation Guidance. We welcome this guidance as it addresses and clarifies a key concept in the European Sustainability Reporting Standards (ESRS). However, we suggest more guidance and practical examples on determining:
We suggest EFRAG collaborates with the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI) as all organisations work on providing implementation support on value chain.
We also provide some ideas for EFRAG and the European Commission to consider in the future, which would further help implementation: