These drafts correspond to the first set of standards required under the proposal for a CSRD and cover environmental, social, and governance matters. EFRAG expects that the public consultation will help to assess: – the efficiency of the entity materiality assessment practical implementation – the relevance of the proposed mandatory disclosure requirements, both in terms of sustainability matter coverage objective and sector-agnostic nature – the opportunities and criteria to consider ESRS implementation prioritisation/phasing-in options.
The current public consultation is organised to receive feedback from constituents on three key aspects of the EDs: 1. The relevance of (i) the proposed architecture, (ii) the implementation of the CSRD principles and (iii) the overall content of each ED 2. The possible options for prioritising/phasing in the implementation of the ESRS 3. The adequacy of each disclosure requirement mandated by each ED.
The deadline for comments is August 8, 2022. Access the Draft ESRS and the online survey here.