On Monday 12 June, the European Commission launched a consultation on draft standards for corporate extra-financial reporting (ESRS). These ESRS projects stem from the ‘CSRD’ directive on corporate sustainability reporting, which aims to put financial data on the same footing as corporate social and environmental responsibility data. The ESRS were developed by the ‘European Financial Reporting Advisory Group’ (EFRAG) and subsequently adopted by the European Commission.
On...