EFRAG welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards (ESRS) by the European Commission on 31 July 2023 and expresses its gratitude to all of those that contributed to this milestone. EFRAG >>> read more

The Commission has today adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This marks another step forward in the transition to a sustainable EU economy. Mairead McGuinness, Commissioner for Financial Services, Financial Stability >>> read more

The International Sustainability Standards Board (ISSB) has today issued its inaugural standards—IFRS S1 and IFRS S2 —ushering in a new era of sustainability-related disclosures in capital markets worldwide. The Standards will help to improve trust and confidence in company disclosures about >>> read more

The European Commission launched on 9 June 2023 the 4-week period of public feedback on the draft Delegated Act for the first set of European Sustainability Reporting Standards (ESRS). ​EFRAG as technical advisor to the European Commission under the Corporate Sustainability Reporting >>> read more

KPMG firms are collaborating with Microsoft to launch a range of innovative new solutions to support businesses on their environmental, social and governance (ESG) journey. Building on KPMG’s US$5 billion investment in technology, people and innovation, as well as an >>> read more

The majority (94%) of European organisations surveyed are working to become compliant with the CSRD (Corporate Sustainability Reporting Directive) by 2024, but their lack of decisive action is putting them at risk of running out of time, according to a >>> read more

At its April meeting, the International Auditing and Assurance Standards Board (IAASB) confirmed its intention to advance the consultation on its proposed new standard for sustainability assurance, International Standard on Sustainability AssuranceTM (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. Subject to the >>> read more

On 1 April, Carol Adams commenced her role as the new Chair of the Global Sustainability Standards Board (GSSB), the independent body responsible for setting the GRI Standards. Prof. Adams has written to GRI reporters and supporters, to share insights into her priorities >>> read more

As sustainability reporting becomes more widespread, GRI – provider of the world’s most widely used impact standards – has seen rapid growth in it’s software licensing program. In 2022, GRI Licensing consolidated its offer by expanding its methodology, increasing the >>> read more

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today released a groundbreaking study with supplemental guidance for organizations to achieve effective internal control over sustainability reporting (ICSR), using the globally recognized COSO Internal Control-Integrated Framework (ICIF). COSO believes its >>> read more

​In its meeting on 16 March 2023, the EFRAG General Assembly approved drafting updates to EFRAG’s Due Process Procedures for Sustainability Reporting Standard Setting (DPP) to align them with the final provisions contained in the Corporate Sustainabilty Reporting Directive (CSRD) as published >>> read more

​Commissioner McGuinness has publicly called on EFRAG to prioritise its efforts on capacity building for the implementation of the first set of ESRS over the preparatory work for the draft sector-specific standards. This also avoids overlapping consultations and eases the >>> read more