The European Commission adopted, on Monday 31 July, a draft delegated act concerning the European Sustainability Reporting Standards (ESRS) for corporate non-financial reporting (see EUROPE B13233A12). Initially developed by the European Financial Reporting Advisory Group (EFRAG), the ESRS have been modified by the European Commission.
The ESRS are less detailed than they were at the outset, as a result of Commission President Ursula von der Leyen’s request in March to simplify reporting...